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.
MarketClub’s Trade Triangles for MADGBP
The long term trend has been UP since May 3rd, 2018 at 0.078960
The intermediate term trend has been UP since Apr 27th, 2018 at 0.077915
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).