Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
Australian Dollar/Moroccan Dirham (FOREX:AUDMAD)
Crossroads (+60) - AUDMAD 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 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 DOWN since Jun 3rd, 2021 at 6.7908770
The intermediate-term trend has been UP since Oct 7th, 2021 at 6.6122525
The short-term trend has been UP since Oct 1st, 2021 at 6.5903047
Smart Scan Analysis for AUDMAD
Based on our trend formula, AUDMAD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).