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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Australian Dollar/Moroccan Dirham (FOREX:AUDMAD)
Sidelines Mode (-50) - AUDMAD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until AUDMAD can gain momentum.
Is it time to buy, sell, or avoid AUDMAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDMAD.
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 AUDMAD
The long-term trend has been UP since Apr 15th, 2024 at 6.7893450
The intermediate-term trend has been DOWN since Apr 18th, 2024 at 6.4715283
The short-term trend has been DOWN since May 7th, 2024 at 6.6061548
Smart Scan Analysis for AUDMAD
Based on our trend formula, AUDMAD is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.6037850 | 6.6133790 | 6.5745112 | 6.5959025 | -0.0078830 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.6037850 | 2024-05-08 22:45:39 |