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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Moroccan Dirham/South African Rand (FOREX:MADZAR)

Weak Downtrend (-65) - MADZAR is showing signs of a strengthening downtrend. Monitor MADZAR as it may be building momentum to the downside.

Is it time to buy, sell, or avoid MADZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for MADZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MADZAR
Open High Low MADZAR Price Change
1.7854345 1.7854345 1.7854345 1.7854345 0.0000000
Entry Signal

MarketClub’s Trade Triangles for MADZAR

long term up The long-term trend has been UP since Feb 3rd, 2020 at 1.5456684

intermediate term down The intermediate-term trend has been DOWN since May 20th, 2020 at 1.8558388

short term down The short-term trend has been DOWN since May 18th, 2020 at 1.8725726

Smart Scan Analysis for MADZAR

Based on our trend formula, MADZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MADZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.7854345 1.7854345 1.7854345 1.7854345 0.0000000
Prev. Close Volume Bid Ask Time
1.7914308 1.7290085 1.8418605 2020-05-25 21:04:34
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