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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
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.
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MarketClub’s Trade Triangles for AUDMAD
The long-term trend has been DOWN since Nov 1st, 2024 at 6.2198391
The intermediate-term trend has been DOWN since Jan 10th, 2025 at 6.1906047
The short-term trend has been UP since Jan 13th, 2025 at 6.2469932
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.2499075 | 6.2881644 | 6.2129951 | 6.2867613 | +0.0368540 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.2499075 | 2025-01-20 09:41:36 |