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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.

FOREX_MADZAR
Open High Low MADZAR Price Change
1.5718752 1.5718752 1.5718752 1.5718752 0.0000000
Entry Signal

MarketClub’s Trade Triangles for MADZAR

long term up The long-term trend has been UP since Jul 15th, 2022 at 1.6031003

intermediate term down The intermediate-term trend has been DOWN since Aug 2nd, 2022 at 1.6299836

short term down 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).

-70
Smart Scan Analysis for MADZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5718752 1.5718752 1.5718752 1.5718752 0.0000000
Prev. Close Volume Bid Ask Time
1.5718752 2022-08-14 21:08:40
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