Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Tuesday, December 10, 2024.
Moroccan Dirham/South African Rand (FOREX:MADZAR)
Countertrend Down (-85) - MADZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
|
|||||||||||||||
|
|||||||||||||||
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 DOWN since Dec 5th, 2024 at 1.8223335
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 -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.8105343 | 1.8105343 | 1.8105343 | 1.8105343 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.7812155 | 2024-12-07 20:17:27 |