Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Wednesday, August 15, 2018.

Moroccan Dirham/British Pound (FOREX:MADGBP)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 MADGBP Price Change
0.082212 0.082239 0.082212 0.082230 +0.000018
Entry Signal

MarketClub’s Trade Triangles for MADGBP

long term up The long term trend has been UP since May 3rd, 2018 at 0.078960

intermediate term up The intermediate term trend has been UP since Apr 27th, 2018 at 0.077915

short term down The short term trend has been DOWN since Aug 14th, 2018 at 0.082079

Smart Scan Analysis for MADGBP

Based on a pre-defined weighted trend formula for chart analysis, MADGBP scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for MADGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.082212 0.082239 0.082212 0.082230 +0.000018
Prev. Close Volume Bid Ask Time
0.082212 0.079957 0.084503 2018-08-15 02:43:35
Want to analyze Moroccan Dirham/British Pound MADGBP or another symbol? Try our Free Forex Trend Analysis Report.