Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 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 DOWN since Dec 3rd, 2018 at 1.4365
The intermediate term trend has been UP since Feb 13th, 2019 at 1.4628
The short term trend has been DOWN since Feb 19th, 2019 at 1.4739
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).