Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
Moroccan Dirham/Australian Dollar (FOREX:MADAUD)
Bull Market Weakness (+75) - MADAUD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MADAUD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MADAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MADAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MADAUD
The long-term trend has been UP since Jun 28th, 2023 at 0.15281366
The intermediate-term trend has been DOWN since Aug 28th, 2023 at 0.15394350
The short-term trend has been UP since Oct 2nd, 2023 at 0.15230852
Smart Scan Analysis for MADAUD
Based on our trend formula, MADAUD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).