Forex Trend Analysis Report
Prepared for you on Sunday, October 21, 2018.
Moroccan Dirham/Australian Dollar (FOREX:MADAUD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 Jul 2nd, 2018 at 0.14378
The intermediate term trend has been UP since Aug 12th, 2018 at 0.14403
The short term trend has been DOWN since Oct 9th, 2018 at 0.14867
Smart Scan Analysis for MADAUD
Based on a pre-defined weighted trend formula for chart analysis, MADAUD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).