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.
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MarketClub’s Trade Triangles for MADZAR
The long-term trend has been UP since Jan 21st, 2024 at 1.9105233
The intermediate-term trend has been DOWN since Mar 12th, 2024 at 1.8804994
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).
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 |