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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.

FOREX_AUDMAD
Open High Low AUDMAD Price Change
6.51925 6.54240 6.51315 6.52080 +0.00155
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 Jul 30th, 2019 at 6.60235

short term up 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).

-85
Smart Scan Analysis for AUDMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.51925 6.54240 6.51315 6.52080 +0.00155
Prev. Close Volume Bid Ask Time
6.51925 6.51970 6.52190 2019-08-16 18:19:01
Want to analyze Australian Dollar/Moroccan Dirham AUDMAD or another symbol? Try our Free Forex Trend Analysis Report.