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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

British Pound/Moroccan Dirham (FOREX:GBPMAD)

Weak Uptrend (+65) - GBPMAD is showing signs of weakening momentum to the upside. Monitor GBPMAD as it may be in the beginning stages of a reversal.

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.

FOREX_GBPMAD
Open High Low GBPMAD Price Change
12.797330 12.798529 12.797330 12.798529 +0.001199
Entry Signal

MarketClub’s Trade Triangles for GBPMAD

long term up The long-term trend has been UP since Aug 28th, 2023 at 12.799991

intermediate term up The intermediate-term trend has been UP since Jan 30th, 2024 at 12.699633

short term down The short-term trend has been DOWN since Mar 18th, 2024 at 12.827571

Smart Scan Analysis for GBPMAD

Based on our trend formula, GBPMAD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for GBPMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.797330 12.798529 12.797330 12.798529 +0.001199
Prev. Close Volume Bid Ask Time
12.797330 2024-03-29 03:30:06
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