Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Moroccan Dirham (FOREX:USDMAD)
Weak Downtrend (-65) - USDMAD is showing signs of a strengthening downtrend. Monitor USDMAD as it may be building momentum to the downside.
Is it time to buy, sell, or avoid USDMAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for USDMAD
The long-term trend has been UP since Apr 15th, 2024 at 10.141500
The intermediate-term trend has been DOWN since May 6th, 2024 at 10.052066
The short-term trend has been DOWN since May 2nd, 2024 at 10.106500
Smart Scan Analysis for USDMAD
Based on our trend formula, USDMAD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10.0285 | 10.0285 | 10.0285 | 10.0285 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 10.0285 | 2024-05-08 15:49:44 |