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Forex Trend Analysis Report

Prepared for you on Monday, August 20, 2018.

US Dollar/Moroccan Dirham (FOREX:USDMAD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 USDMAD Price Change
9.5373 9.5373 9.5373 9.5373 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDMAD

long term up The long term trend has been UP since May 1st, 2018 at 9.2978

intermediate term up The intermediate term trend has been UP since Aug 10th, 2018 at 9.5063

short term down The short term trend has been DOWN since Aug 17th, 2018 at 9.5257

Smart Scan Analysis for USDMAD

Based on a pre-defined weighted trend formula for chart analysis, USDMAD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for USDMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.5373 9.5373 9.5373 9.5373 0.0000
Prev. Close Volume Bid Ask Time
9.5373 9.5123 9.5623 2018-08-20 03:57:23
Want to analyze US Dollar/Moroccan Dirham USDMAD or another symbol? Try our Free Forex Trend Analysis Report.