Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Australian Dollar/Moroccan Dirham (FOREX:AUDMAD)
Strong Uptrend (+100) - AUDMAD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, AUDMAD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since May 31st, 2020 at 6.5903043
The intermediate-term trend has been UP since Apr 6th, 2020 at 6.2705340
The short-term trend has been UP since May 18th, 2020 at 6.3914565
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).