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.
MarketClub’s Trade Triangles for GBPMAD
The long-term trend has been DOWN since Dec 7th, 2021 at 12.240805
The intermediate-term trend has been DOWN since Nov 9th, 2021 at 12.396176
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).