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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Moroccan Dirham/South African Rand (FOREX:MADZAR)
Countertrend Down (-85) - MADZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid MADZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MADZAR.
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 MADZAR
The long-term trend has been DOWN since Apr 29th, 2024 at 1.8439297
The intermediate-term trend has been DOWN since Apr 29th, 2024 at 1.8460926
The short-term trend has been UP since May 7th, 2024 at 1.8416399
Smart Scan Analysis for MADZAR
Based on our trend formula, MADZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.8457668 | 1.8457668 | 1.8457668 | 1.8457668 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.8425335 | 2024-05-07 21:05:08 |