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Forex Trend Analysis Report

Prepared for you on Friday, December 15, 2017.

Moroccan Dirham/South African Rand (FOREX:MADZAR)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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
1.43775 1.44200 1.43730 1.44100 +0.00325
Entry Signal

MarketClub’s Trade Triangles for MADZAR

long term up The long term trend has been UP since Apr 4th, 2017 at 1.3660

intermediate term down The intermediate term trend has been DOWN since Nov 27th, 2017 at 1.4682

short term up The short term trend has been UP since Dec 8th, 2017 at 1.4517

Smart Scan Analysis for MADZAR

Based on a pre-defined weighted trend formula for chart analysis, MADZAR scored -55 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
1.43775 1.44200 1.43730 1.44100 +0.00325
Prev. Close Volume Bid Ask Time
1.42740 1.40220 1.47980 2017-12-11 23:46:16
Want to analyze Moroccan Dirham/South African Rand MADZAR or another symbol? Try our Free Forex Trend Analysis Report.