Forex Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
British Pound/Moroccan Dirham (FOREX:GBPMAD)
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 GBPMAD
The long term trend has been DOWN since May 3rd, 2018 at 12.6760
The intermediate term trend has been UP since Nov 7th, 2018 at 12.4530
The short term trend has been UP since Nov 13th, 2018 at 12.4195
Smart Scan Analysis for GBPMAD
Based on a pre-defined weighted trend formula for chart analysis, GBPMAD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).