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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Moroccan Dirham/US Dollar (FOREX:MADUSD)
Crossroads (+60) - MADUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MADUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MADUSD.
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 MADUSD
The long-term trend has been DOWN since Mar 28th, 2024 at 0.09872608
The intermediate-term trend has been UP since May 7th, 2024 at 0.09958248
The short-term trend has been UP since May 2nd, 2024 at 0.09898246
Smart Scan Analysis for MADUSD
Based on our trend formula, MADUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.09963944 | 0.09963944 | 0.09963944 | 0.09963944 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.09952623 | 2024-05-07 21:05:08 |