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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.

FOREX_GBPMAD
Open High Low GBPMAD Price Change
12.109824 12.109824 12.109824 12.109824 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPMAD

long term down The long-term trend has been DOWN since Oct 1st, 2020 at 12.008577

intermediate term up The intermediate-term trend has been UP since Oct 12th, 2020 at 11.908553

short term up 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).

-60
Smart Scan Analysis for GBPMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.109824 12.109824 12.109824 12.109824 0.000000
Prev. Close Volume Bid Ask Time
12.109824 2020-12-01 07:19:21
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