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Forex Trend Analysis Report
Prepared for you on Thursday, December 5, 2024.
US Dollar/Moroccan Dirham (FOREX:USDMAD)
Sidelines Mode (+55) - USDMAD 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 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.
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MarketClub’s Trade Triangles for USDMAD
The long-term trend has been UP since Nov 12th, 2024 at 9.914779
The intermediate-term trend has been UP since Nov 12th, 2024 at 9.914779
The short-term trend has been DOWN since Dec 5th, 2024 at 9.968250
Smart Scan Analysis for USDMAD
Based on our trend formula, USDMAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.943111 | 9.943111 | 9.943111 | 9.943111 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9.943111 | 2024-12-05 07:25:17 |