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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
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.
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MarketClub’s Trade Triangles for MADGBP
The long-term trend has been DOWN since Jul 17th, 2024 at 0.07839790
The intermediate-term trend has been DOWN since Jul 15th, 2024 at 0.07867918
The short-term trend has been UP since Jul 25th, 2024 at 0.07882697
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.07903813 | 0.07903813 | 0.07903813 | 0.07903813 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.07903813 | 2024-07-25 07:26:12 |