Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Australian Dollar/Moroccan Dirham (FOREX:AUDMAD)
Weak Uptrend (+65) - AUDMAD is showing signs of weakening momentum to the upside. Monitor AUDMAD as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for AUDMAD
The long-term trend has been UP since Dec 10th, 2020 at 6.7910880
The intermediate-term trend has been UP since Nov 5th, 2020 at 6.6562906
The short-term trend has been DOWN since Mar 4th, 2021 at 6.9121130
Smart Scan Analysis for AUDMAD
Based on our trend formula, AUDMAD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).