Forex Trend Analysis Report
Prepared for you on Wednesday, November 25, 2020.
US Dollar/Moroccan Dirham (FOREX:USDMAD)
Long-Term Uptrend (+90) - USDMAD is in a strong uptrend that is likely to continue. While USDMAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Nov 25th, 2020 at 9.292000
The intermediate-term trend has been UP since Nov 25th, 2020 at 9.244411
The short-term trend has been UP since Nov 25th, 2020 at 9.144131
Smart Scan Analysis for USDMAD
Based on our trend formula, USDMAD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).