Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
Moroccan Dirham/US Dollar (FOREX:MADUSD)
Bull Market Weakness (+75) - MADUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MADUSD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MADUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MADUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MADUSD
The long-term trend has been UP since Dec 6th, 2022 at 0.09457125
The intermediate-term trend has been UP since Mar 28th, 2023 at 0.09680066
The short-term trend has been UP since Mar 10th, 2023 at 0.09628166
Smart Scan Analysis for MADUSD
Based on our trend formula, MADUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).