Forex Trend Analysis Report
Prepared for you on Tuesday, March 2, 2021.
Moroccan Dirham/British Pound (FOREX:MADGBP)
Long-Term Downtrend (-90) - MADGBP is in a strong downtrend that is likely to continue. While MADGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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 Feb 1st, 2021 at 0.08213253
The intermediate-term trend has been DOWN since Dec 24th, 2020 at 0.08265842
The short-term trend has been DOWN since Dec 22nd, 2020 at 0.08310963
Smart Scan Analysis for MADGBP
Based on our trend formula, MADGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).