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Forex Trend Analysis Report

Prepared for you on Wednesday, November 29, 2023.

Moroccan Dirham/Australian Dollar (FOREX:MADAUD)

Bear Market Rally (-75) - MADAUD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MADAUD as it may be in the beginning of a reversal.

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
0.15011139 0.15095809 0.15002793 0.15053183 +0.00042000
Entry Signal

MarketClub’s Trade Triangles for MADAUD

long term down The long-term trend has been DOWN since Nov 3rd, 2023 at 0.14930528

intermediate term down The intermediate-term trend has been DOWN since Nov 3rd, 2023 at 0.15005620

short term up The short-term trend has been UP since Nov 29th, 2023 at 0.15095798

Smart Scan Analysis for MADAUD

Based on our trend formula, MADAUD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for MADAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.15011139 0.15095809 0.15002793 0.15053183 +0.00042000
Prev. Close Volume Bid Ask Time
0.15011139 2023-11-29 17:07:51
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