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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.

Open High Low AUDMAD Price Change
6.91500 6.93785 6.90095 6.90990 -0.00510
Entry Signal

MarketClub’s Trade Triangles for AUDMAD

long term down The long term trend has been DOWN since Jul 2nd, 2018 at 6.95515

intermediate term up The intermediate term trend has been UP since Oct 30th, 2018 at 6.78630

short term up 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).

Smart Scan Analysis for AUDMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.91500 6.93785 6.90095 6.90990 -0.00510
Prev. Close Volume Bid Ask Time
6.91500 6.90960 6.91020 2018-11-16 06:23:28
Want to analyze Australian Dollar/Moroccan Dirham AUDMAD or another symbol? Try our Free Forex Trend Analysis Report.