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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Moroccan Dirham/US Dollar (FOREX:MADUSD)
Countertrend Up (+85) - MADUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Jul 4th, 2024 at 0.10103241
The short-term trend has been DOWN since Jul 21st, 2024 at 0.10188284
Smart Scan Analysis for MADUSD
Based on our trend formula, MADUSD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.10175839 | 0.10175839 | 0.10175839 | 0.10175839 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.10175839 | 2024-07-25 07:26:12 |