Forex Trend Analysis Report
Prepared for you on Thursday, February 20, 2020.
US Dollar/Moroccan Dirham (FOREX:USDMAD)
Long-Term Uptrend (+90) - USDMAD is in a strong uptrend that is likely to continue. While USDMAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
MarketClub’s Trade Triangles for USDMAD
The long-term trend has been UP since Feb 13th, 2020 at 9.692308
The intermediate-term trend has been UP since Jan 23rd, 2020 at 9.624644
The short-term trend has been UP since Feb 5th, 2020 at 9.623000
Smart Scan Analysis for USDMAD
Based on our trend formula, USDMAD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).