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Forex Trend Analysis Report

Prepared for you on Sunday, September 24, 2023.

Australian Dollar/Moroccan Dirham (FOREX:AUDMAD)

Sidelines Mode (-55) - AUDMAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_AUDMAD
Open High Low AUDMAD Price Change
6.6305821 6.6305821 6.6194779 6.6198891 -0.0106930
Entry Signal

MarketClub’s Trade Triangles for AUDMAD

long term down The long-term trend has been DOWN since Jun 28th, 2023 at 6.5444164

intermediate term up The intermediate-term trend has been UP since Aug 28th, 2023 at 6.4950933

short term down The short-term trend has been DOWN since Sep 21st, 2023 at 6.5817088

Smart Scan Analysis for AUDMAD

Based on our trend formula, AUDMAD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for AUDMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.6305821 6.6305821 6.6194779 6.6198891 -0.0106930
Prev. Close Volume Bid Ask Time
6.6305821 2023-09-24 17:35:24
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