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Forex Trend Analysis Report

Prepared for you on Wednesday, December 12, 2018.

US Dollar/Moroccan Dirham (FOREX:USDMAD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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
9.5221 9.5247 9.4945 9.4945 -0.0276
Entry Signal

MarketClub’s Trade Triangles for USDMAD

long term down The long term trend has been DOWN since Sep 14th, 2018 at 9.3770

intermediate term up The intermediate term trend has been UP since Oct 2nd, 2018 at 9.4697

short term up The short term trend has been UP since Dec 11th, 2018 at 9.5079

Smart Scan Analysis for USDMAD

Based on a pre-defined weighted trend formula for chart analysis, USDMAD scored -60 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
9.5221 9.5247 9.4945 9.4945 -0.0276
Prev. Close Volume Bid Ask Time
9.5221 9.4695 9.5195 2018-12-12 18:56:32
Want to analyze US Dollar/Moroccan Dirham USDMAD or another symbol? Try our Free Forex Trend Analysis Report.