Free Daily Analysis
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for MADAUD
The long-term trend has been DOWN since Nov 3rd, 2023 at 0.14930528
The intermediate-term trend has been DOWN since Nov 3rd, 2023 at 0.15005620
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).
| 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 |