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Forex Trend Analysis Report

Prepared for you on Sunday, January 29, 2023.

Moroccan Dirham/Australian Dollar (FOREX:MADAUD)

Long-Term Downtrend (-90) - MADAUD is in a strong downtrend that is likely to continue. While MADAUD 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 MADAUD?

MarketClub looks at technical strength and momentum to determine if the timing is right for MADAUD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MADAUD
Open High Low MADAUD Price Change
0.13834063 0.13834063 0.13834063 0.13834063 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MADAUD

long term down The long-term trend has been DOWN since Sep 12th, 2022 at 0.13505871

intermediate term down The intermediate-term trend has been DOWN since Jan 18th, 2023 at 0.13834899

short term down The short-term trend has been DOWN since Jan 23rd, 2023 at 0.14016332

Smart Scan Analysis for MADAUD

Based on our trend formula, MADAUD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MADAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13834063 0.13834063 0.13834063 0.13834063 0.00000000
Prev. Close Volume Bid Ask Time
0.13834063 2023-01-28 03:03:11
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