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Forex Trend Analysis Report

Prepared for you on Saturday, April 20, 2024.

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.

FOREX_MADAUD
Open High Low MADAUD Price Change
0.15431327 0.15431327 0.15416479 0.15416479 -0.00014800
Entry Signal

MarketClub’s Trade Triangles for MADAUD

long term down The long-term trend has been DOWN since Apr 15th, 2024 at 0.14728963

intermediate term up The intermediate-term trend has been UP since Apr 18th, 2024 at 0.15452302

short term up The short-term trend has been UP since Apr 18th, 2024 at 0.15393384

Smart Scan Analysis for MADAUD

Based on our trend formula, MADAUD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for MADAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.15431327 0.15431327 0.15416479 0.15416479 -0.00014800
Prev. Close Volume Bid Ask Time
0.15431327 2024-04-20 05:38:10
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