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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

Moroccan Dirham/South African Rand (FOREX:MADZAR)

Long-Term Uptrend (+90) - MADZAR is in a strong uptrend that is likely to continue. While MADZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid ?

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
1.5324111 1.5324111 1.5324111 1.5324111 0.0000000
Entry Signal

MarketClub’s Trade Triangles for MADZAR

long term up The long-term trend has been UP since Feb 3rd, 2020 at 1.5456684

intermediate term up The intermediate-term trend has been UP since Jan 12th, 2020 at 1.4911134

short term up The short-term trend has been UP since Feb 10th, 2020 at 1.5497539

Smart Scan Analysis for MADZAR

Based on our trend formula, MADZAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for MADZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5324111 1.5324111 1.5324111 1.5324111 0.0000000
Prev. Close Volume Bid Ask Time
1.5324111 1.4829583 1.5818639 2020-02-16 21:04:30
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