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Forex Trend Analysis Report

Prepared for you on Sunday, December 9, 2018.

Moroccan Dirham/South African Rand (FOREX:MADZAR)

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.

FOREX_MADZAR
Open High Low MADZAR Price Change
1.50045 1.50045 1.50045 1.50045 0.00000
Entry Signal

MarketClub’s Trade Triangles for MADZAR

long term down The long term trend has been DOWN since Dec 3rd, 2018 at 1.43650

intermediate term up The intermediate term trend has been UP since Dec 9th, 2018 at 1.49765

short term up The short term trend has been UP since Dec 5th, 2018 at 1.45955

Smart Scan Analysis for MADZAR

Based on a pre-defined weighted trend formula for chart analysis, MADZAR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for MADZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.50045 1.50045 1.50045 1.50045 0.00000
Prev. Close Volume Bid Ask Time
1.50045 1.45320 1.54770 2018-12-09 20:46:49
Want to analyze Moroccan Dirham/South African Rand MADZAR or another symbol? Try our Free Forex Trend Analysis Report.