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Forex Trend Analysis Report
Prepared for you on Monday, September 16, 2024.
Moroccan Dirham/US Dollar (FOREX:MADUSD)
Weak Downtrend (-65) - MADUSD is showing signs of a strengthening downtrend. Monitor MADUSD as it may be building momentum to the downside.
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.
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MarketClub’s Trade Triangles for MADUSD
The long-term trend has been UP since May 15th, 2024 at 0.10012949
The intermediate-term trend has been DOWN since Sep 15th, 2024 at 0.10286256
The short-term trend has been DOWN since Sep 15th, 2024 at 0.10286256
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.10260966 | 0.10260966 | 0.10249398 | 0.10249398 | -0.00011600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.10260966 | 2024-09-15 16:42:13 |