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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.

Open High Low MADAUD Price Change
0.148160 0.148360 0.147360 0.148265 +0.000105
Entry Signal

MarketClub’s Trade Triangles for MADAUD

long term up The long term trend has been UP since Jul 2nd, 2018 at 0.14378

intermediate term up The intermediate term trend has been UP since Aug 12th, 2018 at 0.14403

short term down 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).

Smart Scan Analysis for MADAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.148160 0.148360 0.147360 0.148265 +0.000105
Prev. Close Volume Bid Ask Time
0.148160 0.148220 0.148310 2018-10-19 18:33:53
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