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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.

FOREX_MADGBP
Open High Low MADGBP Price Change
0.07945814 0.07945814 0.07945814 0.07945814 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MADGBP

long term down The long-term trend has been DOWN since Feb 1st, 2021 at 0.08213253

intermediate term down The intermediate-term trend has been DOWN since Dec 24th, 2020 at 0.08265842

short term down 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).

-90
Smart Scan Analysis for MADGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07945814 0.07945814 0.07945814 0.07945814 0.00000000
Prev. Close Volume Bid Ask Time
0.08041841 2021-02-24 07:23:15
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