Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
US Dollar/Moroccan Dirham (FOREX:USDMAD)
Bull Market Weakness (+75) - USDMAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDMAD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDMAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDMAD
The long-term trend has been UP since Sep 14th, 2023 at 10.212357
The intermediate-term trend has been DOWN since Nov 6th, 2023 at 10.252500
The short-term trend has been UP since Dec 3rd, 2023 at 10.090250
Smart Scan Analysis for USDMAD
Based on our trend formula, USDMAD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).