Forex Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
Australian Dollar/Moroccan Dirham (FOREX:AUDMAD)
Long-Term Downtrend (-90) - AUDMAD is in a strong downtrend that is likely to continue. While AUDMAD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid AUDMAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDMAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDMAD
The long-term trend has been DOWN since Mar 6th, 2023 at 6.953570
The intermediate-term trend has been DOWN since Feb 24th, 2023 at 7.031207
The short-term trend has been DOWN since Mar 31st, 2023 at 6.813599
Smart Scan Analysis for AUDMAD
Based on our trend formula, AUDMAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).