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.
MarketClub’s Trade Triangles for MADUSD
The long term trend has been DOWN since Mar 7th, 2019 at 0.103710
The intermediate term trend has been DOWN since Feb 22nd, 2019 at 0.104655
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).