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Forex Trend Analysis Report

Prepared for you on Thursday, February 6, 2025.

US Dollar/Moroccan Dirham (FOREX:USDMAD)

Bull Market Weakness (+75) - USDMAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.

FOREX_USDMAD
Open High Low USDMAD Price Change
10.028000 10.028000 10.021005 10.021005 -0.006995
Entry Signal

MarketClub’s Trade Triangles for USDMAD

long term up The long-term trend has been UP since Nov 12th, 2024 at 9.914779

intermediate term up The intermediate-term trend has been UP since Feb 2nd, 2025 at 10.073000

short term up The short-term trend has been UP since Jan 28th, 2025 at 9.994000

Smart Scan Analysis for USDMAD

Based on our trend formula, USDMAD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for USDMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.028000 10.028000 10.021005 10.021005 -0.006995
Prev. Close Volume Bid Ask Time
10.028670 2025-02-05 21:00:06
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