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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2019.

Australian Dollar/Moroccan Dirham (FOREX:AUDMAD)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_AUDMAD
Open High Low AUDMAD Price Change
6.58345 6.60520 6.57400 6.60285 +0.01940
Entry Signal

MarketClub’s Trade Triangles for AUDMAD

long term down The long term trend has been DOWN since Jan 2nd, 2019 at 6.66630

intermediate term down The intermediate term trend has been DOWN since Jun 13th, 2019 at 6.63820

short term down The short term trend has been DOWN since Jun 7th, 2019 at 6.72235

Smart Scan Analysis for AUDMAD

Based on a pre-defined weighted trend formula for chart analysis, AUDMAD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for AUDMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.58345 6.60520 6.57400 6.60285 +0.01940
Prev. Close Volume Bid Ask Time
6.58345 6.60250 6.60320 2019-06-20 07:28:41
Want to analyze Australian Dollar/Moroccan Dirham AUDMAD or another symbol? Try our Free Forex Trend Analysis Report.