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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

British Pound/Moroccan Dirham (FOREX:GBPMAD)

Countertrend Up (+85) - GBPMAD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
12.810218 12.810218 12.791625 12.791625 -0.018593
Entry Signal

MarketClub’s Trade Triangles for GBPMAD

long term up The long-term trend has been UP since Aug 28th, 2023 at 12.799991

intermediate term up The intermediate-term trend has been UP since Oct 29th, 2023 at 12.453563

short term up The short-term trend has been UP since Nov 6th, 2023 at 12.484580

Smart Scan Analysis for GBPMAD

Based on our trend formula, GBPMAD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for GBPMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.810218 12.810218 12.791625 12.791625 -0.018593
Prev. Close Volume Bid Ask Time
12.797460 2023-12-03 20:55:50
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