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.
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MarketClub’s Trade Triangles for GBPMAD
The long-term trend has been UP since Aug 28th, 2023 at 12.799991
The intermediate-term trend has been UP since Jan 30th, 2024 at 12.699633
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).
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 |