Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
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.
MarketClub’s Trade Triangles for MADGBP
The long-term trend has been DOWN since Aug 28th, 2023 at 0.07820096
The intermediate-term trend has been DOWN since Oct 29th, 2023 at 0.08037732
The short-term trend has been UP since Dec 6th, 2023 at 0.07841878
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).