Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
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.
MarketClub’s Trade Triangles for MADZAR
The long-term trend has been UP since Jul 15th, 2022 at 1.6031003
The intermediate-term trend has been DOWN since Aug 2nd, 2022 at 1.6299836
The short-term trend has been DOWN since Aug 2nd, 2022 at 1.6299836
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).