Forex Trend Analysis Report
Prepared for you on Saturday, August 17, 2019.
Australian Dollar/Moroccan Dirham (FOREX:AUDMAD)
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.
MarketClub’s Trade Triangles for AUDMAD
The long term trend has been DOWN since Jan 2nd, 2019 at 6.66630
The intermediate term trend has been DOWN since Jul 30th, 2019 at 6.60235
The short term trend has been UP since Aug 15th, 2019 at 6.51135
Smart Scan Analysis for AUDMAD
Based on a pre-defined weighted trend formula for chart analysis, AUDMAD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).