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Forex Trend Analysis Report

Prepared for you on Wednesday, April 1, 2020.

Moroccan Dirham/British Pound (FOREX:MADGBP)

Sidelines Mode (+55) - MADGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.08199896 0.08199896 0.08179470 0.08179470 -0.00020400
Entry Signal

MarketClub’s Trade Triangles for MADGBP

long term up The long-term trend has been UP since Mar 4th, 2020 at 0.08068949

intermediate term up The intermediate-term trend has been UP since Feb 27th, 2020 at 0.08011174

short term down The short-term trend has been DOWN since Mar 29th, 2020 at 0.08191765

Smart Scan Analysis for MADGBP

Based on our trend formula, MADGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MADGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08199896 0.08199896 0.08179470 0.08179470 -0.00020400
Prev. Close Volume Bid Ask Time
0.08071158 0.07924994 0.08433947 2020-03-29 21:09:05
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