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Forex Trend Analysis Report

Prepared for you on Monday, April 15, 2024.

Australian Dollar/Moroccan Dirham (FOREX:AUDMAD)

Long-Term Downtrend (-90) - AUDMAD is in a strong downtrend that is likely to continue. While AUDMAD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
6.5189658 6.5278116 6.5137387 6.5211773 +0.0022110
Entry Signal

MarketClub’s Trade Triangles for AUDMAD

long term down The long-term trend has been DOWN since Jan 23rd, 2024 at 6.4170934

intermediate term down The intermediate-term trend has been DOWN since Apr 10th, 2024 at 6.5334600

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 6.5975139

Smart Scan Analysis for AUDMAD

Based on our trend formula, AUDMAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for AUDMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.5189658 6.5278116 6.5137387 6.5211773 +0.0022110
Prev. Close Volume Bid Ask Time
6.5189658 2024-04-15 02:54:30
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