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Forex Trend Analysis Report

Prepared for you on Friday, December 6, 2019.

Australian Dollar/Moroccan Dirham (FOREX:AUDMAD)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.

FOREX_AUDMAD
Open High Low AUDMAD Price Change
6.5795336 6.6087375 6.5638658 6.6057924 +0.0262590
Entry Signal

MarketClub’s Trade Triangles for AUDMAD

long term up The long term trend has been UP since Nov 5th, 2019 at 6.6655500

intermediate term down The intermediate term trend has been DOWN since Nov 18th, 2019 at 6.5511201

short term up The short term trend has been UP since Dec 2nd, 2019 at 6.5523933

Smart Scan Analysis for AUDMAD

Based on a pre-defined weighted trend formula for chart analysis, AUDMAD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for AUDMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.5795336 6.6087375 6.5638658 6.6057924 +0.0262590
Prev. Close Volume Bid Ask Time
6.5795336 6.6055509 6.6060338 2019-12-06 13:18:44
Want to analyze Australian Dollar/Moroccan Dirham AUDMAD or another symbol? Try our Free Forex Trend Analysis Report.