Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Friday, March 23, 2018.

Moroccan Dirham/South African Rand (FOREX:MADZAR)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.

Open High Low MADZAR Price Change
1.29310 1.29310 1.28505 1.28505 -0.00805
Entry Signal

MarketClub’s Trade Triangles for MADZAR

long term down The long term trend has been DOWN since Dec 18th, 2017 at 1.36505

intermediate term up The intermediate term trend has been UP since Mar 19th, 2018 at 1.30390

short term down The short term trend has been DOWN since Mar 22nd, 2018 at 1.29055

Smart Scan Analysis for MADZAR

Based on a pre-defined weighted trend formula for chart analysis, MADZAR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for MADZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.29310 1.29310 1.28505 1.28505 -0.00805
Prev. Close Volume Bid Ask Time
1.2931 1.25100 1.31910 2018-03-23 06:18:23
Want to analyze Moroccan Dirham/South African Rand MADZAR or another symbol? Try our Free Forex Trend Analysis Report.