Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
South African Rand/Moroccan Dirham (FOREX:ZARMAD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 ZARMAD
The long term trend has been DOWN since Apr 25th, 2018 at 0.746090
The intermediate term trend has been DOWN since Aug 9th, 2018 at 0.696025
The short term trend has been DOWN since Jul 31st, 2018 at 0.714860
Smart Scan Analysis for ZARMAD
Based on a pre-defined weighted trend formula for chart analysis, ZARMAD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).