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.
MarketClub’s Trade Triangles for USDMAD
The long term trend has been UP since May 1st, 2018 at 9.2978
The intermediate term trend has been UP since Aug 10th, 2018 at 9.5063
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).