Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
British Pound/Moroccan Dirham (FOREX:GBPMAD)
Crossroads (-60) - GBPMAD is struggling to move into a solid trend. Beware of choppy markets 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 DOWN since Oct 1st, 2020 at 12.008577
The intermediate-term trend has been UP since Oct 12th, 2020 at 11.908553
The short-term trend has been UP since Nov 20th, 2020 at 12.092875
Smart Scan Analysis for GBPMAD
Based on our trend formula, GBPMAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).