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.
MarketClub’s Trade Triangles for MADGBP
The long-term trend has been UP since Jul 2nd, 2021 at 0.08128901
The intermediate-term trend has been DOWN since Oct 12th, 2021 at 0.08108637
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).