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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.

FOREX_MADZAR
Open High Low MADZAR Price Change
1.52955 1.52955 1.52955 1.52955 0.00000
Entry Signal

MarketClub’s Trade Triangles for MADZAR

long term up The long term trend has been UP since Aug 5th, 2019 at 1.56705

intermediate term down The intermediate term trend has been DOWN since Sep 2nd, 2019 at 1.57270

short term up 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).

+55
Smart Scan Analysis for MADZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.52955 1.52955 1.52955 1.52955 0.00000
Prev. Close Volume Bid Ask Time
1.52955 1.48100 1.57810 2019-09-19 20:22:34
Want to analyze Moroccan Dirham/South African Rand MADZAR or another symbol? Try our Free Forex Trend Analysis Report.