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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.

FOREX_MADUSD
Open High Low MADUSD Price Change
0.103225 0.103225 0.103225 0.103225 0.000000
Entry Signal

MarketClub’s Trade Triangles for MADUSD

long term up The long term trend has been UP since Jun 21st, 2019 at 0.104995

intermediate term down The intermediate term trend has been DOWN since Aug 30th, 2019 at 0.103805

short term down 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).

-70
Smart Scan Analysis for MADUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.103225 0.103225 0.103225 0.103225 0.000000
Prev. Close Volume Bid Ask Time
0.103225 0.099951 0.106500 2019-09-19 20:22:34
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