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Forex Trend Analysis Report

Prepared for you on Wednesday, December 11, 2024.

Moroccan Dirham/Australian Dollar (FOREX:MADAUD)

Long-Term Uptrend (+90) - MADAUD is in a strong uptrend that is likely to continue. While MADAUD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
0.15688703 0.15806135 0.15606503 0.15620749 -0.00068000
Entry Signal

MarketClub’s Trade Triangles for MADAUD

long term up The long-term trend has been UP since Nov 1st, 2024 at 0.16072650

intermediate term up The intermediate-term trend has been UP since Oct 14th, 2024 at 0.15206244

short term up The short-term trend has been UP since Dec 11th, 2024 at 0.15722254

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
0.15688703 0.15806135 0.15606503 0.15620749 -0.00068000
Prev. Close Volume Bid Ask Time
0.15688703 2024-12-11 20:36:54
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