Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
Australian Dollar/Moroccan Dirham (FOREX:AUDMAD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for AUDMAD
The long term trend has been DOWN since Jul 2nd, 2018 at 6.95515
The intermediate term trend has been UP since Oct 30th, 2018 at 6.78630
The short term trend has been UP since Nov 13th, 2018 at 6.90990
Smart Scan Analysis for AUDMAD
Based on a pre-defined weighted trend formula for chart analysis, AUDMAD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).