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Forex Trend Analysis Report

Prepared for you on Friday, August 14, 2020.

Moroccan Dirham/South African Rand (FOREX:MADZAR)

Countertrend Down (-85) - MADZAR 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 MADZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for MADZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MADZAR
Open High Low MADZAR Price Change
1.7574181 1.7574181 1.7574181 1.7574181 0.0000000
Entry Signal

MarketClub’s Trade Triangles for MADZAR

long term down The long-term trend has been DOWN since Jul 16th, 2020 at 1.7465363

intermediate term down The intermediate-term trend has been DOWN since Jul 8th, 2020 at 1.7740676

short term up The short-term trend has been UP since Jul 24th, 2020 at 1.7447021

Smart Scan Analysis for MADZAR

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

-85
Smart Scan Analysis for MADZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.7574181 1.7574181 1.7574181 1.7574181 0.0000000
Prev. Close Volume Bid Ask Time
1.9007384 1.7030113 1.8118248 2020-07-27 07:20:31
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