Forex Trend Analysis Report
Prepared for you on Monday, March 27, 2023.
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 Oct 27th, 2022 at 0.07945868
The intermediate-term trend has been DOWN since Feb 28th, 2023 at 0.07961406
The short-term trend has been DOWN since Mar 15th, 2023 at 0.08001193
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).