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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Moroccan Dirham/Australian Dollar (FOREX:MADAUD)

Weak Uptrend (+65) - MADAUD is showing signs of weakening momentum to the upside. Monitor 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
0.15389383 0.15415835 0.15377722 0.15403897 +0.00014500
Entry Signal

MarketClub’s Trade Triangles for MADAUD

long term up The long-term trend has been UP since Nov 1st, 2024 at 0.16072650

intermediate term up The intermediate-term trend has been UP since Oct 14th, 2024 at 0.15206244

short term down The short-term trend has been DOWN since Nov 18th, 2024 at 0.15396028

Smart Scan Analysis for MADAUD

Based on our trend formula, MADAUD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for MADAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.15389383 0.15415835 0.15377722 0.15403897 +0.00014500
Prev. Close Volume Bid Ask Time
0.15389383 2024-11-20 03:27:49
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