Forex Trend Analysis Report
Prepared for you on Thursday, November 23, 2017.
Moroccan Dirham/British Pound (FOREX:MADGBP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 MADGBP
The long term trend has been DOWN since Sep 18th, 2017 at 0.079200
The intermediate term trend has been UP since Nov 15th, 2017 at 0.080830
The short term trend has been DOWN since Nov 16th, 2017 at 0.080425
Smart Scan Analysis for MADGBP
Based on a pre-defined weighted trend formula for chart analysis, MADGBP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).