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Forex Trend Analysis Report

Prepared for you on Saturday, June 15, 2024.

Moroccan Dirham/South African Rand (FOREX:MADZAR)

Long-Term Downtrend (-90) - MADZAR is in a strong downtrend that is likely to continue. While MADZAR is showing intraday strength, it remains in the confines of a bearish trend. 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
1.8307198 1.8307198 1.8307198 1.8307198 0.0000000
Entry Signal

MarketClub’s Trade Triangles for MADZAR

long term down The long-term trend has been DOWN since Jun 14th, 2024 at 1.8372887

intermediate term down The intermediate-term trend has been DOWN since Jun 14th, 2024 at 1.8438162

short term down The short-term trend has been DOWN since Jun 11th, 2024 at 1.8818218

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
1.8307198 1.8307198 1.8307198 1.8307198 0.0000000
Prev. Close Volume Bid Ask Time
1.8307198 2024-06-15 06:10:51
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