Forex Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
Moroccan Dirham/British Pound (FOREX:MADGBP)
Sidelines Mode (-55) - MADGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MADGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MADGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MADGBP
The long-term trend has been DOWN since Oct 17th, 2019 at 0.08220000
The intermediate-term trend has been DOWN since Feb 13th, 2020 at 0.07909832
The short-term trend has been UP since Feb 19th, 2020 at 0.07909982
Smart Scan Analysis for MADGBP
Based on our trend formula, MADGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).