Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
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.
MarketClub’s Trade Triangles for GBPMAD
The long-term trend has been UP since Apr 13th, 2020 at 12.699789
The intermediate-term trend has been DOWN since May 4th, 2020 at 12.349068
The short-term trend has been UP since May 20th, 2020 at 12.039128
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).