Forex Trend Analysis Report
Prepared for you on Monday, May 21, 2018.
Australian Dollar/Moroccan Dirham (FOREX:AUDMAD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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 May 3rd, 2017 at 7.38040
The intermediate term trend has been UP since May 16th, 2018 at 7.08370
The short term trend has been UP since May 16th, 2018 at 7.07675
Smart Scan Analysis for AUDMAD
Based on a pre-defined weighted trend formula for chart analysis, AUDMAD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).