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Forex Trend Analysis Report

Prepared for you on Saturday, October 20, 2018.

South African Rand/Moroccan Dirham (FOREX:ZARMAD)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 ZARMAD Price Change
0.658120 0.661605 0.656610 0.657065 -0.001055
Entry Signal

MarketClub’s Trade Triangles for ZARMAD

long term down The long term trend has been DOWN since Apr 25th, 2018 at 0.74609

intermediate term up The intermediate term trend has been UP since Sep 24th, 2018 at 0.65561

short term up The short term trend has been UP since Oct 12th, 2018 at 0.65113

Smart Scan Analysis for ZARMAD

Based on a pre-defined weighted trend formula for chart analysis, ZARMAD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for ZARMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.658120 0.661605 0.656610 0.657065 -0.001055
Prev. Close Volume Bid Ask Time
0.658120 0.638980 0.675150 2018-10-19 17:08:57
Want to analyze South African Rand/Moroccan Dirham ZARMAD or another symbol? Try our Free Forex Trend Analysis Report.