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.
MarketClub’s Trade Triangles for MADUSD
The long-term trend has been DOWN since Aug 9th, 2021 at 0.11163280
The intermediate-term trend has been DOWN since Sep 21st, 2021 at 0.11151540
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).