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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.

FOREX_AUDMAD
Open High Low AUDMAD Price Change
7.11630 7.11735 7.10760 7.11345 -0.00285
Entry Signal

MarketClub’s Trade Triangles for AUDMAD

long term down The long term trend has been DOWN since May 3rd, 2017 at 7.38040

intermediate term up The intermediate term trend has been UP since May 16th, 2018 at 7.08370

short term up 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).

+70
Smart Scan Analysis for AUDMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.11630 7.11735 7.10760 7.11345 -0.00285
Prev. Close Volume Bid Ask Time
7.11630 7.11310 7.11380 2018-05-21 01:10:01
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