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.
MarketClub’s Trade Triangles for USDMAD
The long term trend has been DOWN since Sep 14th, 2018 at 9.3770
The intermediate term trend has been UP since Oct 2nd, 2018 at 9.4697
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).