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Forex Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

Moroccan Dirham/British Pound (FOREX:MADGBP)

Countertrend Down (-85) - MADGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
0.07854696 0.07855200 0.07854696 0.07855200 +0.00000500
Entry Signal

MarketClub’s Trade Triangles for MADGBP

long term down The long-term trend has been DOWN since Aug 28th, 2023 at 0.07820096

intermediate term down The intermediate-term trend has been DOWN since Oct 29th, 2023 at 0.08037732

short term up The short-term trend has been UP since Dec 6th, 2023 at 0.07841878

Smart Scan Analysis for MADGBP

Based on our trend formula, MADGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for MADGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07854696 0.07855200 0.07854696 0.07855200 +0.00000500
Prev. Close Volume Bid Ask Time
0.07855200 2023-12-08 22:32:21
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