Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2024.

British Pound/Moroccan Dirham (FOREX:GBPMAD)

Strong Downtrend (-100) - GBPMAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPMAD continues to fall. Traders should use caution and set stops.

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
12.579588 12.579588 12.579588 12.579588 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPMAD

long term down The long-term trend has been DOWN since Apr 12th, 2024 at 12.535101

intermediate term down The intermediate-term trend has been DOWN since Jun 20th, 2024 at 12.635021

short term down The short-term trend has been DOWN since Jun 18th, 2024 at 12.738109

Smart Scan Analysis for GBPMAD

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

-100
Smart Scan Analysis for GBPMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.579588 12.579588 12.579588 12.579588 0.000000
Prev. Close Volume Bid Ask Time
12.575796 2024-06-22 02:49:30
Get a free daily analysis and signals for British Pound/Moroccan Dirham (GBPMAD) - Request Your Free Report.