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Forex Trend Analysis Report

Prepared for you on Tuesday, August 4, 2020.

Moroccan Dirham/British Pound (FOREX:MADGBP)

Countertrend Down (-85) - MADGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid MADGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for MADGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MADGBP
Open High Low MADGBP Price Change
0.08301560 0.08301560 0.08301560 0.08301560 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MADGBP

long term down The long-term trend has been DOWN since Apr 13th, 2020 at 0.07882337

intermediate term down The intermediate-term trend has been DOWN since Jul 10th, 2020 at 0.08235400

short term up The short-term trend has been UP since Jul 16th, 2020 at 0.08294261

Smart Scan Analysis for MADGBP

Based on our trend formula, MADGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for MADGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08301560 0.08301560 0.08301560 0.08301560 0.00000000
Prev. Close Volume Bid Ask Time
0.08180270 0.08044557 0.08558562 2020-07-27 07:20:31
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