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Forex Trend Analysis Report

Prepared for you on Tuesday, January 16, 2018.

US Dollar/Moroccan Dirham (FOREX:USDMAD)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_USDMAD
Open High Low USDMAD Price Change
9.2205 9.2468 9.2109 9.2358 +0.0153
Entry Signal

MarketClub’s Trade Triangles for USDMAD

long term down The long term trend has been DOWN since Jan 2nd, 2018 at 9.33850

intermediate term down The intermediate term trend has been DOWN since Dec 25th, 2017 at 9.39590

short term down The short term trend has been DOWN since Jan 11th, 2018 at 9.33095

Smart Scan Analysis for USDMAD

Based on a pre-defined weighted trend formula for chart analysis, USDMAD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for USDMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.2205 9.2468 9.2109 9.2358 +0.0153
Prev. Close Volume Bid Ask Time
9.2205 9.1316 9.3400 2018-01-16 11:05:43
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