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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
Moroccan Dirham/South African Rand (FOREX:MADZAR)
Countertrend Up (+85) - MADZAR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for MADZAR
The long-term trend has been UP since Jan 21st, 2024 at 1.9105233
The intermediate-term trend has been UP since Apr 18th, 2024 at 1.8810305
The short-term trend has been UP since Apr 12th, 2024 at 1.8666040
Smart Scan Analysis for MADZAR
Based on our trend formula, MADZAR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.8995869 | 1.8995869 | 1.8995869 | 1.8995869 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.8995869 | 2024-04-23 07:26:26 |