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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.

FOREX_USDMAD
Open High Low USDMAD Price Change
10.138859 10.138859 10.138859 10.138859 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDMAD

long term up The long-term trend has been UP since Sep 14th, 2023 at 10.212357

intermediate term down The intermediate-term trend has been DOWN since Nov 6th, 2023 at 10.252500

short term up 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).

+75
Smart Scan Analysis for USDMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.138859 10.138859 10.138859 10.138859 0.000000
Prev. Close Volume Bid Ask Time
10.138859 2023-12-08 22:32:21
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