Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Moroccan Dirham/US Dollar (FOREX:MADUSD)
Sidelines Mode (-55) - MADUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Mar 29th, 2020 at 0.10269536
The intermediate-term trend has been UP since May 4th, 2020 at 0.10018051
The short-term trend has been DOWN since May 18th, 2020 at 0.10140886
Smart Scan Analysis for MADUSD
Based on our trend formula, MADUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).