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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

Moroccan Dirham/South African Rand (FOREX:MADZAR)

Strong Downtrend (-100) - MADZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
1.6269898 1.6269898 1.6269898 1.6269898 0.0000000
Entry Signal

MarketClub’s Trade Triangles for MADZAR

long term down The long-term trend has been DOWN since Nov 10th, 2020 at 1.7415067

intermediate term down The intermediate-term trend has been DOWN since Feb 3rd, 2021 at 1.6756133

short term down The short-term trend has been DOWN since Feb 9th, 2021 at 1.6600104

Smart Scan Analysis for MADZAR

Based on our trend formula, MADZAR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for MADZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6269898 1.6269898 1.6269898 1.6269898 0.0000000
Prev. Close Volume Bid Ask Time
1.6269898 2021-02-24 07:23:15
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