Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
Moroccan Dirham/US Dollar (FOREX:MADUSD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 MADUSD
The long term trend has been UP since Mar 27th, 2017 at 0.100860
The intermediate term trend has been UP since Nov 15th, 2017 at 0.106325
The short term trend has been UP since Dec 15th, 2017 at 0.105850
Smart Scan Analysis for MADUSD
Based on a pre-defined weighted trend formula for chart analysis, MADUSD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).