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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

Euro/Moroccan Dirham (FOREX:EURMAD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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.

FOREX_EURMAD
Open High Low EURMAD Price Change
10.6294 10.6294 10.6294 10.6294 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURMAD

long term up The long term trend has been UP since Nov 4th, 2019 at 10.7210

intermediate term down The intermediate term trend has been DOWN since Jan 9th, 2020 at 10.6818

short term down The short term trend has been DOWN since Jan 8th, 2020 at 10.7121

Smart Scan Analysis for EURMAD

Based on a pre-defined weighted trend formula for chart analysis, EURMAD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for EURMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.6294 10.6294 10.6294 10.6294 0.0000
Prev. Close Volume Bid Ask Time
10.6314 10.2894 10.9694 2020-01-27 21:07:26
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