Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
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 Jul 16th, 2020 at 0.10392876
The intermediate-term trend has been UP since Feb 9th, 2021 at 0.11195834
The short-term trend has been UP since Feb 22nd, 2021 at 0.11206353
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).