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Forex Trend Analysis Report

Prepared for you on Sunday, May 26, 2019.

Moroccan Dirham/South African Rand (FOREX:MADZAR)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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_MADZAR
Open High Low MADZAR Price Change
1.49160 1.49160 1.48905 1.48905 -0.00255
Entry Signal

MarketClub’s Trade Triangles for MADZAR

long term down The long term trend has been DOWN since Dec 3rd, 2018 at 1.43650

intermediate term down The intermediate term trend has been DOWN since May 16th, 2019 at 1.47075

short term down The short term trend has been DOWN since May 23rd, 2019 at 1.48380

Smart Scan Analysis for MADZAR

Based on a pre-defined weighted trend formula for chart analysis, MADZAR scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-80
Smart Scan Analysis for MADZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.49160 1.49160 1.48905 1.48905 -0.00255
Prev. Close Volume Bid Ask Time
1.49160 1.44240 1.53570 2019-05-25 09:13:18
Want to analyze Moroccan Dirham/South African Rand MADZAR or another symbol? Try our Free Forex Trend Analysis Report.