Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, March 27, 2023.

Moroccan Dirham/British Pound (FOREX:MADGBP)

Long-Term Downtrend (-90) - MADGBP is in a strong downtrend that is likely to continue. While MADGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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
0.0796614 0.0796614 0.0796614 0.0796614 0.0000000
Entry Signal

MarketClub’s Trade Triangles for MADGBP

long term down The long-term trend has been DOWN since Oct 27th, 2022 at 0.07945868

intermediate term down The intermediate-term trend has been DOWN since Feb 28th, 2023 at 0.07961406

short term down The short-term trend has been DOWN since Mar 15th, 2023 at 0.08001193

Smart Scan Analysis for MADGBP

Based on our trend formula, MADGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MADGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0796614 0.0796614 0.0796614 0.0796614 0.0000000
Prev. Close Volume Bid Ask Time
0.0796614 2023-03-18 03:55:50
Get a free daily analysis and signals for Moroccan Dirham/British Pound (MADGBP) - Request Your Free Report.