Forex Trend Analysis Report
Prepared for you on Sunday, October 21, 2018.
Moroccan Dirham/British Pound (FOREX:MADGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Sep 10th, 2018 at 0.081726
The short term trend has been UP since Oct 15th, 2018 at 0.080599
Smart Scan Analysis for MADGBP
Based on a pre-defined weighted trend formula for chart analysis, MADGBP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).