Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
US Dollar/Moroccan Dirham (FOREX:USDMAD)
Weak Downtrend (-65) - USDMAD is showing signs of a strengthening downtrend. Monitor USDMAD as it may be building momentum to the downside.
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 Mar 19th, 2020 at 9.747701
The intermediate-term trend has been DOWN since Apr 28th, 2020 at 9.952000
The short-term trend has been DOWN since May 28th, 2020 at 9.832250
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).