Forex Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
US Dollar/Moroccan Dirham (FOREX:USDMAD)
Crossroads (-60) - USDMAD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDMAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDMAD
The long-term trend has been DOWN since Nov 27th, 2020 at 9.101500
The intermediate-term trend has been UP since Apr 16th, 2021 at 9.086737
The short-term trend has been UP since Apr 16th, 2021 at 8.956000
Smart Scan Analysis for USDMAD
Based on our trend formula, USDMAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).