Forex Trend Analysis Report
Prepared for you on Monday, November 23, 2020.
British Pound/Moroccan Dirham (FOREX:GBPMAD)
Sidelines Mode (+50) - GBPMAD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPMAD can gain momentum.
Is it time to buy, sell, or avoid GBPMAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPMAD
The long-term trend has been DOWN since Oct 1st, 2020 at 12.008577
The intermediate-term trend has been UP since Oct 12th, 2020 at 11.908553
The short-term trend has been UP since Nov 20th, 2020 at 12.092875
Smart Scan Analysis for GBPMAD
Based on our trend formula, GBPMAD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).