Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Moroccan Dirham/British Pound (FOREX:MADGBP)
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 MADGBP
The long term trend has been DOWN since Oct 17th, 2019 at 0.08220000
The intermediate term trend has been UP since Jan 20th, 2020 at 0.07988067
The short term trend has been UP since Jan 9th, 2020 at 0.07976174
Smart Scan Analysis for MADGBP
Based on a pre-defined weighted trend formula for chart analysis, MADGBP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).