Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Wednesday, March 20, 2019.

Moroccan Dirham/US Dollar (FOREX:MADUSD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

FOREX_MADUSD
Open High Low MADUSD Price Change
0.104220 0.104275 0.104210 0.104245 +0.000025
Entry Signal

MarketClub’s Trade Triangles for MADUSD

long term down The long term trend has been DOWN since Mar 7th, 2019 at 0.103710

intermediate term down The intermediate term trend has been DOWN since Feb 22nd, 2019 at 0.104655

short term up The short term trend has been UP since Mar 12th, 2019 at 0.103990

Smart Scan Analysis for MADUSD

Based on a pre-defined weighted trend formula for chart analysis, MADUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for MADUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.104220 0.104275 0.104210 0.104245 +0.000025
Prev. Close Volume Bid Ask Time
0.104220 0.101380 0.107110 2019-03-20 14:23:16
Want to analyze Moroccan Dirham/US Dollar MADUSD or another symbol? Try our Free Forex Trend Analysis Report.