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.
MarketClub’s Trade Triangles for MADGBP
The long-term trend has been UP since Mar 4th, 2020 at 0.08068949
The intermediate-term trend has been UP since Feb 27th, 2020 at 0.08011174
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).