Forex Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
Moroccan Dirham/Australian Dollar (FOREX:MADAUD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 MADAUD
The long term trend has been UP since May 3rd, 2017 at 0.135495
The intermediate term trend has been DOWN since Dec 13th, 2017 at 0.138670
The short term trend has been DOWN since Jan 17th, 2018 at 0.135785
Smart Scan Analysis for MADAUD
Based on a pre-defined weighted trend formula for chart analysis, MADAUD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).