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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.

FOREX_MADGBP
Open High Low MADGBP Price Change
0.07984 0.07998 0.07976 0.07976 -0.00008
Entry Signal

MarketClub’s Trade Triangles for MADGBP

long term down The long term trend has been DOWN since Sep 18th, 2017 at 0.079200

intermediate term up The intermediate term trend has been UP since Nov 15th, 2017 at 0.080830

short term down 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).

-65
Smart Scan Analysis for MADGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07984 0.07998 0.07976 0.07976 -0.00008
Prev. Close Volume Bid Ask Time
0.07980 0.07761 0.08191 2017-11-22 21:23:28
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