Forex Trend Analysis Report
Prepared for you on Saturday, October 21, 2017.
Moroccan Dirham/US Dollar (FOREX:MADUSD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 MADUSD
The long term trend has been UP since Mar 27th, 2017 at 0.100860
The intermediate term trend has been DOWN since Sep 26th, 2017 at 0.106670
The short term trend has been UP since Oct 19th, 2017 at 0.106235
Smart Scan Analysis for MADUSD
Based on a pre-defined weighted trend formula for chart analysis, MADUSD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).