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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
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.
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MarketClub’s Trade Triangles for USDMAD
The long-term trend has been DOWN since May 15th, 2024 at 9.996870
The intermediate-term trend has been DOWN since Jul 4th, 2024 at 9.907794
The short-term trend has been UP since Jul 19th, 2024 at 9.825102
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.837182 | 9.837182 | 9.837182 | 9.837182 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9.837182 | 2024-07-25 07:26:12 |