Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
South African Rand/Moroccan Dirham (FOREX:ZARMAD)
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.
MarketClub’s Trade Triangles for ZARMAD
The long term trend has been UP since Dec 17th, 2019 at 0.66384500
The intermediate term trend has been DOWN since Jan 12th, 2020 at 0.67131610
The short term trend has been DOWN since Jan 26th, 2020 at 0.66901435
Smart Scan Analysis for ZARMAD
Based on a pre-defined weighted trend formula for chart analysis, ZARMAD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).