Free United States dollar With Moroccan dirham (USDMAD(Forex)) Technical Analysis Signals

Overal Signal
Buy
Signals
Neutral Neutral Neutral Buy
Last Update / Period
06 Dec / Daily
Category/Currency
Forex/MAD
Exchange/Country
FX/--

United States dollar With Moroccan dirham (USDMAD(Forex)) signal with technical analysis on 06 Dec

On 06 Dec, we conducted a comprehensive technical analysis of United States dollar With Moroccan dirham (USDMAD(Forex)), considering 256 signals with intricate details. Here are the key findings: 77 signals suggested buy strategies, while 62 indicated sell strategies. The remaining 117 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 17
Sell Signals: 16
Neutral Signals: 31
Result: This strategy leads to a Neutral position.

Strategy 2:
Buy Signals: 17
Sell Signals: 17
Neutral Signals: 30
Result: This strategy leads to a Neutral position.

Strategy 3:
Buy Signals: 18
Sell Signals: 15
Neutral Signals: 31
Result: This strategy leads to a Neutral position.

Strategy 4:
Buy Signals: 25
Sell Signals: 14
Neutral Signals: 25
Result: This strategy leads to a Buy position.

Overall Strategy:
Buy Signals: 77
Sell Signals: 62
Neutral Signals: 117
Result: This strategy leads to a Buy position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your United States dollar With Moroccan dirham (USDMAD(Forex)) investments, we highly recommend visiting the "magicalprediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for United States dollar With Moroccan dirham (USDMAD(Forex)) on , there seems to be a tendency toward a buy signal based on historical data and analysis. However, it's important to remember that these signals are not guarantees, and any investment decision should be made carefully. Consider the overall market conditions and how your choices align with your specific investment goals.


Based on the above signals, we recommend the following strategies:

United States dollar With Moroccan dirham (USDMAD(Forex)) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, holding your position may be a good strategy according to our signals. However, always exercise caution and monitor market developments closely.

United States dollar With Moroccan dirham (USDMAD(Forex)) trading strategy for those in sell positions (short positions): If you are currently in a sell (short) position, it is recommended to choose the optimal time to exit based on our signal combination. If you have a higher risk tolerance, consider waiting for market movements in the coming days.

For new positions: If you are not currently in the market or are considering switching to a buy (long) position, it’s advisable to consider the projected price range. This range represents a potential upside of 3.86%, determined by the highest predicted price. However, before deciding to enter a buy position, be cautious and conduct thorough research to ensure it aligns with your risk tolerance and investment goals.

In all your trading endeavors, implementing a well-defined stop-loss strategy is crucial for managing potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we suggest utilizing the "predict-price" website, which offers both short-term and long-term predictions for free. This can help you make more informed decisions regarding your **United States dollar With Moroccan dirham (USDMAD(Forex))** holdings.

United States dollar With Moroccan dirham (USDMAD(Forex)) Price Analysis and Resistance Levels:

Given our current long position in United States dollar With Moroccan dirham (USDMAD(Forex)), analyzing key resistance levels is crucial to better understand its price movement. These levels are important benchmarks for our strategy, and we will explore multiple scenarios to provide a comprehensive outlook.

First resistance level (10.163): The primary hurdle we face is the 10.163 price level. If the current trend remains unchanged, United States dollar With Moroccan dirham (USDMAD(Forex)) could break above this level, signaling its strength and potential for further growth.

Second resistance level (10.33): If the upward trend continues with significant strength, we may see United States dollar With Moroccan dirham (USDMAD(Forex)) cross the second resistance level at 10.33, indicating a major upside move and a promising direction for our position.

Third resistance level (17.174): For a more comprehensive analysis, consider a scenario where United States dollar With Moroccan dirham (USDMAD(Forex)) not only breaks the second resistance level but holds its price above this mark. If this trend continues in the coming days, United States dollar With Moroccan dirham (USDMAD(Forex)) could potentially reach the third resistance level of 17.174.
It's essential to closely monitor these resistance levels and consider them in the broader context of market trends and indicators. To make informed decisions when trading United States dollar With Moroccan dirham (USDMAD(Forex)), stay alert and continually analyze the market. By focusing on these resistance levels and considering broader market dynamics, you can make smarter trading decisions and adapt to this dynamic market.

United States dollar With Moroccan dirham (USDMAD(Forex)) technical analysis chart

United States dollar With Moroccan dirham (USDMAD(Forex)) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 10.163 10.33 17.174 -- --
Support 9.598 9.393 9.305 9.265 6
 United States dollar With Moroccan dirham (USDMAD(Forex)) Support and Resistance area (06 Dec)

United States dollar With Moroccan dirham (USDMAD(Forex)) signals list for 06 Dec

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

United States dollar With Moroccan dirham (USDMAD(Forex)) technical analysis over the past days

# Date Overal Signals ALL Signals
1 05 Dec Buy NeutralNeutralNeutralBuy
2 04 Dec Hold NeutralNeutralNeutralNeutral
3 03 Dec Neutral HoldSellNeutralNeutral
4 02 Dec Buy BuyNeutralBuyBuy
5 01 Dec Sell SellSellSellSell
6 29 Nov Buy NeutralNeutralBuyBuy
7 28 Nov Hold HoldHoldNeutralHold
8 27 Nov Sell SellSellSellSell
9 26 Nov Hold NeutralNeutralHoldHold
10 25 Nov Hold NeutralHoldHoldHold
11 22 Nov Buy BuyHoldHoldHold
12 21 Nov Hold NeutralHoldHoldHold
13 20 Nov Buy BuyHoldHoldHold
14 19 Nov Hold NeutralHoldHoldHold
15 18 Nov Buy NeutralBuyBuyBuy
16 17 Nov Sell SellNeutralNeutralNeutral
17 15 Nov Hold HoldHoldHoldHold
18 14 Nov Hold HoldHoldHoldHold
19 13 Nov Buy HoldHoldHoldBuy
20 12 Nov Buy BuyBuyBuyNeutral
21 11 Nov Hold HoldNeutralHoldNeutral
22 10 Nov Sell SellSellSellSell
23 08 Nov Buy HoldBuyNeutralBuy
24 07 Nov Neutral HoldNeutralNeutralNeutral
25 06 Nov Buy HoldBuyNeutralNeutral
26 05 Nov Sell HoldSellNeutralSell
27 04 Nov Hold NeutralNeutralHoldNeutral
28 03 Nov Hold HoldHoldHoldHold
29 01 Nov Sell SellHoldSellSell
30 31 Oct Buy NeutralSellNeutralBuy

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