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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.

Open High Low USDMAD Price Change
9.1925 9.1954 9.1655 9.1695 -0.0230
Entry Signal

MarketClub’s Trade Triangles for USDMAD

long term down The long term trend has been DOWN since Jan 2nd, 2018 at 9.3385

intermediate term down The intermediate term trend has been DOWN since Mar 13th, 2018 at 9.1521

short term up 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).

Smart Scan Analysis for USDMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.1925 9.1954 9.1655 9.1695 -0.0230
Prev. Close Volume Bid Ask Time
9.1925 9.1650 9.1740 2018-03-19 14:01:06
Want to analyze US Dollar/Moroccan Dirham USDMAD or another symbol? Try our Free Forex Trend Analysis Report.