Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
US Dollar/Moroccan Dirham (FOREX:USDMAD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.
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MarketClub’s Trade Triangles for USDMAD
The long term trend has been DOWN since Dec 27th, 2019 at 9.598167
The intermediate term trend has been DOWN since Dec 3rd, 2019 at 9.626794
The short term trend has been UP since Jan 20th, 2020 at 9.582500
Smart Scan Analysis for USDMAD
Based on a pre-defined weighted trend formula for chart analysis, USDMAD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.597558 | 9.616500 | 9.593750 | 9.593750 | -0.003808 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9.597558 | 9.590000 | 9.597500 | 2020-01-21 09:40:11 |