Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Moroccan Dirham/South African Rand (FOREX:MADZAR)
Sidelines Mode (+50) - MADZAR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until MADZAR can gain momentum.
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 DOWN since Jun 14th, 2024 at 1.8372887
The intermediate-term trend has been UP since Nov 12th, 2024 at 1.7783543
The short-term trend has been UP since Oct 3rd, 2024 at 1.7822918
Smart Scan Analysis for MADZAR
Based on our trend formula, MADZAR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.8223335 | 1.8223335 | 1.8223335 | 1.8223335 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.8199575 | 2024-11-12 07:25:11 |