Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Moroccan Dirham/South African Rand (FOREX:MADZAR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 MADZAR
The long term trend has been UP since Apr 25th, 2018 at 1.3413
The intermediate term trend has been DOWN since Sep 24th, 2018 at 1.5264
The short term trend has been DOWN since Oct 9th, 2018 at 1.5546
Smart Scan Analysis for MADZAR
Based on a pre-defined weighted trend formula for chart analysis, MADZAR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).