Forex Trend Analysis Report
Prepared for you on Monday, September 25, 2017.
Moroccan Dirham/British Pound (FOREX:MADGBP)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 MADGBP
The long term trend has been DOWN since Sep 18th, 2017 at 0.079200
The intermediate term trend has been DOWN since Sep 12th, 2017 at 0.081595
The short term trend has been DOWN since Sep 1st, 2017 at 0.082615
Smart Scan Analysis for MADGBP
Based on a pre-defined weighted trend formula for chart analysis, MADGBP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).