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Forex Trend Analysis Report

Prepared for you on Friday, March 22, 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
1.48405 1.50550 1.48210 1.50550 +0.02145
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 up The intermediate term trend has been UP since Feb 13th, 2019 at 1.46280

short term down The short term trend has been DOWN since Mar 20th, 2019 at 1.50005

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
1.48405 1.50550 1.48210 1.50550 +0.02145
Prev. Close Volume Bid Ask Time
1.48405 1.46400 1.54700 2019-03-22 18:27:06
Want to analyze Moroccan Dirham/South African Rand MADZAR or another symbol? Try our Free Forex Trend Analysis Report.