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Forex Trend Analysis Report

Prepared for you on Wednesday, December 8, 2021.

British Pound/Moroccan Dirham (FOREX:GBPMAD)

Strong Downtrend (-100) - GBPMAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
12.234591 12.234591 12.234591 12.234591 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPMAD

long term down The long-term trend has been DOWN since Dec 7th, 2021 at 12.240805

intermediate term down The intermediate-term trend has been DOWN since Nov 9th, 2021 at 12.396176

short term down The short-term trend has been DOWN since Dec 1st, 2021 at 12.315143

Smart Scan Analysis for GBPMAD

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

-100
Smart Scan Analysis for GBPMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.234591 12.234591 12.234591 12.234591 0.000000
Prev. Close Volume Bid Ask Time
12.234591 2021-12-07 07:25:43
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