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.
MarketClub’s Trade Triangles for MADZAR
The long term trend has been UP since Apr 4th, 2017 at 1.3660
The intermediate term trend has been DOWN since Nov 27th, 2017 at 1.4682
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).