Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Moroccan Dirham/South African Rand (FOREX:MADZAR)
Long-Term Uptrend (+90) - MADZAR is in a strong uptrend that is likely to continue. While MADZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid
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.
MarketClub’s Trade Triangles for MADZAR
The long-term trend has been UP since Feb 3rd, 2020 at 1.5456684
The intermediate-term trend has been UP since Jan 12th, 2020 at 1.4911134
The short-term trend has been UP since Feb 10th, 2020 at 1.5497539
Smart Scan Analysis for MADZAR
Based on our trend formula, MADZAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).