Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Moroccan Dirham/Australian Dollar (FOREX:MADAUD)
Sidelines Mode (-55) - MADAUD 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 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 DOWN since Jan 10th, 2022 at 0.14590050
The intermediate-term trend has been DOWN since Jul 15th, 2022 at 0.14154278
The short-term trend has been UP since Aug 17th, 2022 at 0.13796542
Smart Scan Analysis for MADAUD
Based on our trend formula, MADAUD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).