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Forex Trend Analysis Report

Prepared for you on Saturday, February 27, 2021.

British Pound/Moroccan Dirham (FOREX:GBPMAD)

Bull Market Weakness (+75) - GBPMAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPMAD as it may be in the beginning stages of a reversal.

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
12.597637 12.597637 12.597637 12.597637 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPMAD

long term up The long-term trend has been UP since Feb 1st, 2021 at 12.187458

intermediate term up The intermediate-term trend has been UP since Dec 24th, 2020 at 12.109824

short term up The short-term trend has been UP since Dec 22nd, 2020 at 12.044039

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).

+70
Smart Scan Analysis for GBPMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.597637 12.597637 12.597637 12.597637 0.000000
Prev. Close Volume Bid Ask Time
12.447237 2021-02-24 07:23:15
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