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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Moroccan Dirham/British Pound (FOREX:MADGBP)
Sidelines Mode (+50) - MADGBP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until MADGBP can gain momentum.
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.
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MarketClub’s Trade Triangles for MADGBP
The long-term trend has been DOWN since Sep 5th, 2024 at 0.07832504
The intermediate-term trend has been UP since Nov 12th, 2024 at 0.07791197
The short-term trend has been UP since Oct 3rd, 2024 at 0.07742224
Smart Scan Analysis for MADGBP
Based on our trend formula, MADGBP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.07865735 | 0.07865735 | 0.07865735 | 0.07865735 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.07911971 | 2024-11-12 07:25:11 |