Forex Trend Analysis Report
Prepared for you on Wednesday, September 18, 2019.
Moroccan Dirham/Australian Dollar (FOREX:MADAUD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 MADAUD
The long term trend has been UP since Jan 2nd, 2019 at 0.150010
The intermediate term trend has been DOWN since Sep 3rd, 2019 at 0.152845
The short term trend has been UP since Sep 17th, 2019 at 0.151245
Smart Scan Analysis for MADAUD
Based on a pre-defined weighted trend formula for chart analysis, MADAUD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).