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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.

FOREX_USDMAD
Open High Low USDMAD Price Change
8.809981 8.809981 8.809981 8.809981 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDMAD

long term down The long-term trend has been DOWN since Nov 27th, 2020 at 9.101500

intermediate term up The intermediate-term trend has been UP since Apr 16th, 2021 at 9.086737

short term up 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).

-60
Smart Scan Analysis for USDMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.809981 8.809981 8.809981 8.809981 0.000000
Prev. Close Volume Bid Ask Time
8.809981 2021-05-08 09:22:47
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