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Forex Trend Analysis Report

Prepared for you on Tuesday, February 7, 2023.

British Pound/Moroccan Dirham (FOREX:GBPMAD)

Sidelines Mode (+55) - GBPMAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid GBPMAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPMAD
Open High Low GBPMAD Price Change
12.458079 12.458079 12.458079 12.458079 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPMAD

long term up The long-term trend has been UP since Oct 27th, 2022 at 12.598223

intermediate term up The intermediate-term trend has been UP since Jan 29th, 2023 at 12.557433

short term down The short-term trend has been DOWN since Jan 31st, 2023 at 12.557433

Smart Scan Analysis for GBPMAD

Based on our trend formula, GBPMAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.458079 12.458079 12.458079 12.458079 0.000000
Prev. Close Volume Bid Ask Time
12.459057 2023-02-03 07:14:27
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