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Forex Trend Analysis Report

Prepared for you on Saturday, June 23, 2018.

Moroccan Dirham/South African Rand (FOREX:MADZAR)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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
1.42500 1.42785 1.41205 1.41295 -0.01205
Entry Signal

MarketClub’s Trade Triangles for MADZAR

long term up The long term trend has been UP since Apr 25th, 2018 at 1.34130

intermediate term up The intermediate term trend has been UP since May 21st, 2018 at 1.35800

short term down The short term trend has been DOWN since Jun 22nd, 2018 at 1.42375

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
1.42500 1.42785 1.41205 1.41295 -0.01205
Prev. Close Volume Bid Ask Time
1.42500 1.37470 1.45120 2018-06-22 17:37:05
Want to analyze Moroccan Dirham/South African Rand MADZAR or another symbol? Try our Free Forex Trend Analysis Report.