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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.

FOREX_USDMAD
Open High Low USDMAD Price Change
9.537 9.537 9.537 9.537 0.000
Entry Signal

MarketClub’s Trade Triangles for USDMAD

long term up The long-term trend has been UP since Nov 25th, 2020 at 9.292000

intermediate term up The intermediate-term trend has been UP since Nov 25th, 2020 at 9.244411

short term up 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).

+90
Smart Scan Analysis for USDMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.537 9.537 9.537 9.537 0.000
Prev. Close Volume Bid Ask Time
9.537 2020-11-25 10:39:12
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