Forex Trend Analysis Report
Prepared for you on Wednesday, January 23, 2019.
Euro/Moroccan Dirham (FOREX:EURMAD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 EURMAD
The long term trend has been UP since Jan 2nd, 2019 at 10.956
The intermediate term trend has been UP since Dec 13th, 2018 at 10.834
The short term trend has been DOWN since Jan 22nd, 2019 at 10.868
Smart Scan Analysis for EURMAD
Based on a pre-defined weighted trend formula for chart analysis, EURMAD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).