Analyze Symbol
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.
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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 Jun 13th, 2019 at 6.63820
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).
| 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 |