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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Australian Dollar/Moroccan Dirham (FOREX:AUDMAD)

Sidelines Mode (+55) - AUDMAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_AUDMAD
Open High Low AUDMAD Price Change
6.6192994 6.6222888 6.5712565 6.6139821 -0.0053170
Entry Signal

MarketClub’s Trade Triangles for AUDMAD

long term down The long-term trend has been DOWN since Jan 23rd, 2024 at 6.4170934

intermediate term up The intermediate-term trend has been UP since Feb 22nd, 2024 at 6.6409085

short term down The short-term trend has been DOWN since Mar 20th, 2024 at 6.5441192

Smart Scan Analysis for AUDMAD

Based on our trend formula, AUDMAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for AUDMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.6192994 6.6222888 6.5712565 6.6139821 -0.0053170
Prev. Close Volume Bid Ask Time
6.6192994 2024-03-28 11:55:35
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