Forex Trend Analysis Report
Prepared for you on Saturday, August 18, 2018.
Moroccan Dirham/Australian Dollar (FOREX:MADAUD)
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 MADAUD
The long term trend has been UP since Jul 2nd, 2018 at 0.143780
The intermediate term trend has been UP since Aug 12th, 2018 at 0.144030
The short term trend has been DOWN since Aug 17th, 2018 at 0.143685
Smart Scan Analysis for MADAUD
Based on a pre-defined weighted trend formula for chart analysis, MADAUD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).