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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.

FOREX_USDMAD
Open High Low USDMAD Price Change
9.0475 9.0475 9.0475 9.0475 0.0000
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 Sep 20th, 2021 at 8.98900

short term down 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).

+65
Smart Scan Analysis for USDMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.0475 9.0475 9.0475 9.0475 0.0000
Prev. Close Volume Bid Ask Time
9.0475 2021-10-21 17:52:55
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