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Forex Trend Analysis Report

Prepared for you on Monday, June 5, 2023.

US Dollar/Moroccan Dirham (FOREX:USDMAD)

Weak Uptrend (+65) - USDMAD is showing signs of weakening momentum to the upside. Monitor 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.

FOREX_USDMAD
Open High Low USDMAD Price Change
10.145687 10.200500 10.145687 10.199000 +0.053313
Entry Signal

MarketClub’s Trade Triangles for USDMAD

long term up The long-term trend has been UP since May 31st, 2023 at 10.462257

intermediate term up The intermediate-term trend has been UP since May 16th, 2023 at 10.123000

short term down The short-term trend has been DOWN since Jun 2nd, 2023 at 10.171500

Smart Scan Analysis for USDMAD

Based on our trend formula, USDMAD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for USDMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.145687 10.200500 10.145687 10.199000 +0.053313
Prev. Close Volume Bid Ask Time
10.145687 2023-06-05 14:08:48
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