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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/Moroccan Dirham (FOREX:GBPMAD)
Weak Downtrend (-65) - GBPMAD is showing signs of a strengthening downtrend. Monitor GBPMAD as it may be building momentum to the downside.
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.
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MarketClub’s Trade Triangles for GBPMAD
The long-term trend has been UP since Sep 5th, 2024 at 12.780107
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 12.847929
The short-term trend has been DOWN since Oct 3rd, 2024 at 12.928991
Smart Scan Analysis for GBPMAD
Based on our trend formula, GBPMAD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 12.726625 | 12.726625 | 12.726625 | 12.726625 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 12.652229 | 2024-11-12 07:25:11 |