Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
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 26th, 2021 at 1.6322465
The intermediate-term trend has been DOWN since Oct 15th, 2021 at 1.6472469
The short-term trend has been DOWN since Oct 3rd, 2021 at 1.6531407
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).