Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
Moroccan Dirham/British Pound (FOREX:MADGBP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 MADGBP
The long term trend has been UP since Jun 2nd, 2019 at 0.081814
The intermediate term trend has been DOWN since Oct 13th, 2019 at 0.082681
The short term trend has been DOWN since Oct 13th, 2019 at 0.083246
Smart Scan Analysis for MADGBP
Based on a pre-defined weighted trend formula for chart analysis, MADGBP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).