Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Moroccan Dirham/US Dollar (FOREX:MADUSD)
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 MADUSD
The long term trend has been UP since Jun 21st, 2019 at 0.104995
The intermediate term trend has been DOWN since Aug 30th, 2019 at 0.103805
The short term trend has been DOWN since Sep 18th, 2019 at 0.103725
Smart Scan Analysis for MADUSD
Based on a pre-defined weighted trend formula for chart analysis, MADUSD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).