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.
MarketClub’s Trade Triangles for ZARMAD
The long term trend has been DOWN since Apr 25th, 2018 at 0.74609
The intermediate term trend has been UP since Sep 24th, 2018 at 0.65561
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).