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Forex Trend Analysis Report

Prepared for you on Saturday, July 21, 2018.

Australian Dollar/Moroccan Dirham (FOREX:AUDMAD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_AUDMAD
Open High Low AUDMAD Price Change
7.0089 7.0089 7.0009 7.0009 -0.0080
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 down The intermediate term trend has been DOWN since Jun 17th, 2018 at 7.09170

short term down The short term trend has been DOWN since Jul 18th, 2018 at 6.98930

Smart Scan Analysis for AUDMAD

Based on a pre-defined weighted trend formula for chart analysis, AUDMAD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for AUDMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.0089 7.0089 7.0009 7.0009 -0.0080
Prev. Close Volume Bid Ask Time
7.0089 6.9990 7.0028 2018-07-21 06:07:56
Want to analyze Australian Dollar/Moroccan Dirham AUDMAD or another symbol? Try our Free Forex Trend Analysis Report.