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Forex Trend Analysis Report

Prepared for you on Wednesday, October 17, 2018.

Moroccan Dirham/South African Rand (FOREX:MADZAR)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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
1.50380 1.50645 1.49235 1.50470 +0.00090
Entry Signal

MarketClub’s Trade Triangles for MADZAR

long term up The long term trend has been UP since Apr 25th, 2018 at 1.3413

intermediate term down The intermediate term trend has been DOWN since Sep 24th, 2018 at 1.5264

short term down The short term trend has been DOWN since Oct 9th, 2018 at 1.5546

Smart Scan Analysis for MADZAR

Based on a pre-defined weighted trend formula for chart analysis, MADZAR scored -60 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
1.50380 1.50645 1.49235 1.50470 +0.00090
Prev. Close Volume Bid Ask Time
1.50380 1.46330 1.54610 2018-10-17 19:32:22
Want to analyze Moroccan Dirham/South African Rand MADZAR or another symbol? Try our Free Forex Trend Analysis Report.