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Forex Trend Analysis Report

Prepared for you on Saturday, April 13, 2024.

Moroccan Dirham/British Pound (FOREX:MADGBP)

Countertrend Up (+85) - MADGBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.07988283 0.07988283 0.07988283 0.07988283 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MADGBP

long term up The long-term trend has been UP since Apr 12th, 2024 at 0.07985450

intermediate term up The intermediate-term trend has been UP since Apr 2nd, 2024 at 0.07858823

short term up The short-term trend has been UP since Apr 12th, 2024 at 0.07911119

Smart Scan Analysis for MADGBP

Based on our trend formula, MADGBP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for MADGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07988283 0.07988283 0.07988283 0.07988283 0.00000000
Prev. Close Volume Bid Ask Time
0.07988283 2024-04-12 07:26:20
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