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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/Moroccan Dirham (FOREX:USDMAD)
Countertrend Up (+85) - USDMAD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Nov 12th, 2024 at 9.914779
The intermediate-term trend has been UP since Nov 12th, 2024 at 9.914779
The short-term trend has been UP since Nov 12th, 2024 at 9.891000
Smart Scan Analysis for USDMAD
Based on our trend formula, USDMAD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10.00375 | 10.00375 | 10.00200 | 10.00200 | -0.00175 |
| Prev. Close | Volume | Bid | Ask | Time |
| 10.00375 | 2024-11-18 17:52:44 |