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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.

FOREX_MADGBP
Open High Low MADGBP Price Change
0.07986249 0.07986249 0.07986249 0.07986249 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MADGBP

long term down The long-term trend has been DOWN since Oct 17th, 2019 at 0.08220000

intermediate term down The intermediate-term trend has been DOWN since Feb 13th, 2020 at 0.07909832

short term up 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).

-55
Smart Scan Analysis for MADGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07986249 0.07986249 0.07986249 0.07986249 0.00000000
Prev. Close Volume Bid Ask Time
0.07986249 0.07728047 0.08244450 2020-02-20 07:21:15
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