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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

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.

FOREX_USDMAD
Open High Low USDMAD Price Change
10.4255 10.4265 10.4255 10.4265 +0.0010
Entry Signal

MarketClub’s Trade Triangles for USDMAD

long term up The long-term trend has been UP since Aug 9th, 2021 at 8.97225

intermediate term up The intermediate-term trend has been UP since Aug 14th, 2022 at 10.31570

short term up The short-term trend has been UP since Aug 14th, 2022 at 10.27098

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).

+80
Smart Scan Analysis for USDMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.4255 10.4265 10.4255 10.4265 +0.0010
Prev. Close Volume Bid Ask Time
10.4255 2022-08-16 14:19:07
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