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.
MarketClub’s Trade Triangles for AUDMAD
The long term trend has been UP since Nov 5th, 2019 at 6.6655500
The intermediate term trend has been DOWN since Nov 18th, 2019 at 6.5511201
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).