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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.

FOREX_GBPMAD
Open High Low GBPMAD Price Change
12.048043 12.048043 12.048043 12.048043 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPMAD

long term up The long-term trend has been UP since Apr 13th, 2020 at 12.699789

intermediate term down The intermediate-term trend has been DOWN since May 4th, 2020 at 12.349068

short term up 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).

+55
Smart Scan Analysis for GBPMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.048043 12.048043 12.048043 12.048043 0.000000
Prev. Close Volume Bid Ask Time
12.062615 11.667283 12.428803 2020-05-25 21:04:34
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