Forex Trend Analysis Report
Prepared for you on Monday, March 19, 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 negative trend to resume. Downtrend 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.
MarketClub’s Trade Triangles for USDMAD
The long term trend has been DOWN since Jan 2nd, 2018 at 9.3385
The intermediate term trend has been DOWN since Mar 13th, 2018 at 9.1521
The short term trend has been UP since Mar 16th, 2018 at 9.1902
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).