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.
MarketClub’s Trade Triangles for AUDMAD
The long-term trend has been DOWN since Jun 28th, 2023 at 6.5444164
The intermediate-term trend has been UP since Aug 28th, 2023 at 6.4950933
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).