Forex Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
Moroccan Dirham/South African Rand (FOREX:MADZAR)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UP since Aug 9th, 2018 at 1.4378
The short term trend has been UP since Aug 1st, 2018 at 1.4036
Smart Scan Analysis for MADZAR
Based on a pre-defined weighted trend formula for chart analysis, MADZAR scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).