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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

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 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
6.4979864 6.5029144 6.4868363 6.4913163 -0.0066700
Entry Signal

MarketClub’s Trade Triangles for AUDMAD

long term down The long-term trend has been DOWN since Nov 1st, 2024 at 6.2198391

intermediate term down The intermediate-term trend has been DOWN since Oct 14th, 2024 at 6.5772178

short term up The short-term trend has been UP since Nov 18th, 2024 at 6.4951815

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).

-65
Smart Scan Analysis for AUDMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.4979864 6.5029144 6.4868363 6.4913163 -0.0066700
Prev. Close Volume Bid Ask Time
6.4979864 2024-11-20 03:28:47
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