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Forex Trend Analysis Report

Prepared for you on Monday, October 18, 2021.

Moroccan Dirham/British Pound (FOREX:MADGBP)

Weak Downtrend (-65) - MADGBP is showing signs of a strengthening downtrend. Monitor MADGBP as it may be building momentum to the downside.

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
0.08047099 0.08047099 0.08047099 0.08047099 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MADGBP

long term up The long-term trend has been UP since Jul 2nd, 2021 at 0.08128901

intermediate term down The intermediate-term trend has been DOWN since Oct 12th, 2021 at 0.08108637

short term down The short-term trend has been DOWN since Oct 12th, 2021 at 0.08126475

Smart Scan Analysis for MADGBP

Based on our trend formula, MADGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MADGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08047099 0.08047099 0.08047099 0.08047099 0.00000000
Prev. Close Volume Bid Ask Time
0.08047099 2021-10-15 07:17:35
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