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Forex Trend Analysis Report

Prepared for you on Wednesday, October 20, 2021.

Moroccan Dirham/US Dollar (FOREX:MADUSD)

Long-Term Downtrend (-90) - MADUSD is in a strong downtrend that is likely to continue. While MADUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_MADUSD
Open High Low MADUSD Price Change
0.11063409 0.11063409 0.11063409 0.11063409 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MADUSD

long term down The long-term trend has been DOWN since Aug 9th, 2021 at 0.11163280

intermediate term down The intermediate-term trend has been DOWN since Sep 21st, 2021 at 0.11151540

short term down The short-term trend has been DOWN since Sep 14th, 2021 at 0.11194445

Smart Scan Analysis for MADUSD

Based on our trend formula, MADUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MADUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11063409 0.11063409 0.11063409 0.11063409 0.00000000
Prev. Close Volume Bid Ask Time
0.11068312 2021-10-15 07:17:35
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