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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Moroccan Dirham/South African Rand (FOREX:MADZAR)

Sidelines Mode (+55) - MADZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
1.8790994 1.8835310 1.8790994 1.8835310 +0.0044320
Entry Signal

MarketClub’s Trade Triangles for MADZAR

long term up The long-term trend has been UP since Jan 21st, 2024 at 1.9105233

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2024 at 1.8804994

short term up The short-term trend has been UP since Mar 18th, 2024 at 1.8660780

Smart Scan Analysis for MADZAR

Based on our trend formula, MADZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MADZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.8790994 1.8835310 1.8790994 1.8835310 +0.0044320
Prev. Close Volume Bid Ask Time
1.8790994 2024-03-18 22:07:01
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