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.
MarketClub’s Trade Triangles for MADAUD
The long-term trend has been DOWN since Sep 12th, 2022 at 0.13505871
The intermediate-term trend has been DOWN since Jan 18th, 2023 at 0.13834899
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).