Forex Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
Moroccan Dirham/British Pound (FOREX:MADGBP)
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 MADGBP
The long term trend has been DOWN since Jan 23rd, 2019 at 0.080069
The intermediate term trend has been UP since Feb 11th, 2019 at 0.081484
The short term trend has been DOWN since Feb 18th, 2019 at 0.081317
Smart Scan Analysis for MADGBP
Based on a pre-defined weighted trend formula for chart analysis, MADGBP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).