Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Australian Dollar/Moroccan Dirham (FOREX:AUDMAD)
Weak Downtrend (-65) - AUDMAD is showing signs of a strengthening downtrend. Monitor AUDMAD as it may be building momentum to the downside.
Is it time to buy, sell, or avoid
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 Jan 30th, 2020 at 6.4846500
The intermediate-term trend has been DOWN since Jan 7th, 2020 at 6.5679334
The short-term trend has been UP since Feb 11th, 2020 at 6.5125018
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).