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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Australian Dollar/Moroccan Dirham (FOREX:AUDMAD)
Strong Downtrend (-100) - AUDMAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, AUDMAD continues to fall. 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.
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MarketClub’s Trade Triangles for AUDMAD
The long-term trend has been DOWN since Jul 25th, 2024 at 6.4691587
The intermediate-term trend has been DOWN since Jul 18th, 2024 at 6.5803333
The short-term trend has been DOWN since Jul 14th, 2024 at 6.6300641
Smart Scan Analysis for AUDMAD
Based on our trend formula, AUDMAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.4416765 | 6.4695339 | 6.4397590 | 6.4458485 | +0.0041720 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.4416765 | 2024-07-26 17:02:26 |