Forex Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
Moroccan Dirham/South African Rand (FOREX:MADZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 MADZAR
The long term trend has been UP since Aug 5th, 2019 at 1.56705
The intermediate term trend has been DOWN since Sep 2nd, 2019 at 1.57270
The short term trend has been UP since Sep 17th, 2019 at 1.51825
Smart Scan Analysis for MADZAR
Based on a pre-defined weighted trend formula for chart analysis, MADZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).