Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

US Dollar/Moroccan Dirham (FOREX:USDMAD)

Bear Market Rally (-75) - USDMAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDMAD as it may be in the beginning 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
8.909977 8.923500 8.909000 8.912500 +0.002523
Entry Signal

MarketClub’s Trade Triangles for USDMAD

long term down The long-term trend has been DOWN since Nov 27th, 2020 at 9.1015

intermediate term down The intermediate-term trend has been DOWN since Feb 18th, 2021 at 8.9250

short term up The short-term trend has been UP since Feb 24th, 2021 at 8.9130

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
8.909977 8.923500 8.909000 8.912500 +0.002523
Prev. Close Volume Bid Ask Time
8.909977 2021-02-24 19:57:48
Get a free daily analysis and signals for US Dollar/Moroccan Dirham (USDMAD) - Request Your Free Report.