Forex Trend Analysis Report
Prepared for you on Monday, April 22, 2019.
Australian Dollar/Moroccan Dirham (FOREX:AUDMAD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 DOWN since Jan 2nd, 2019 at 6.6663
The intermediate term trend has been UP since Mar 21st, 2019 at 6.8616
The short term trend has been DOWN since Apr 16th, 2019 at 6.8479
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).