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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.

Open High Low USDMAD Price Change
9.791 9.791 9.777 9.782 -0.009
Entry Signal

MarketClub’s Trade Triangles for USDMAD

long term up The long-term trend has been UP since Mar 19th, 2020 at 9.747701

intermediate term down The intermediate-term trend has been DOWN since Apr 28th, 2020 at 9.952000

short term down 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).

Smart Scan Analysis for USDMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.791 9.791 9.777 9.782 -0.009
Prev. Close Volume Bid Ask Time
9.791 9.768 9.796 2020-06-01 16:56:09
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