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Forex Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

Moroccan Dirham/Australian Dollar (FOREX:MADAUD)

Countertrend Down (-85) - MADAUD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
0.15036571 0.15038480 0.15018309 0.15033094 -0.00003500
Entry Signal

MarketClub’s Trade Triangles for MADAUD

long term down The long-term trend has been DOWN since Apr 15th, 2024 at 0.14728963

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2024 at 0.14921280

short term up The short-term trend has been UP since May 19th, 2024 at 0.15108597

Smart Scan Analysis for MADAUD

Based on our trend formula, MADAUD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for MADAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.15036571 0.15038480 0.15018309 0.15033094 -0.00003500
Prev. Close Volume Bid Ask Time
0.15036571 2024-05-20 02:12:12
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