Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
US Dollar/Moroccan Dirham (FOREX:USDMAD)
Weak Uptrend (+65) - USDMAD is showing signs of weakening momentum to the upside. Monitor 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.
MarketClub’s Trade Triangles for USDMAD
The long-term trend has been UP since Aug 9th, 2021 at 8.97225
The intermediate-term trend has been UP since Sep 20th, 2021 at 8.98900
The short-term trend has been DOWN since Oct 14th, 2021 at 9.07037
Smart Scan Analysis for USDMAD
Based on our trend formula, USDMAD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).