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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Moroccan Dirham/Australian Dollar (FOREX:MADAUD)
Sidelines Mode (+50) - MADAUD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until MADAUD can gain momentum.
Is it time to buy, sell, or avoid MADAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MADAUD.
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 MADAUD
The long-term trend has been DOWN since Apr 15th, 2024 at 0.14728963
The intermediate-term trend has been UP since Apr 18th, 2024 at 0.15452302
The short-term trend has been UP since May 7th, 2024 at 0.15137400
Smart Scan Analysis for MADAUD
Based on our trend formula, MADAUD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.15148143 | 0.15165772 | 0.15135841 | 0.15163810 | +0.00015700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.15148143 | 2024-05-09 02:05:11 |