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Forex Trend Analysis Report

Prepared for you on Sunday, February 17, 2019.

US Dollar/Moroccan Dirham (FOREX:USDMAD)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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_USDMAD
Open High Low USDMAD Price Change
9.5328 9.5328 9.5328 9.5328 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDMAD

long term up The long term trend has been UP since Dec 14th, 2018 at 9.5938

intermediate term down The intermediate term trend has been DOWN since Jan 7th, 2019 at 9.4990

short term up The short term trend has been UP since Feb 14th, 2019 at 9.5585

Smart Scan Analysis for USDMAD

Based on a pre-defined weighted trend formula for chart analysis, USDMAD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for USDMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.5328 9.5328 9.5328 9.5328 0.0000
Prev. Close Volume Bid Ask Time
9.5328 9.2320 9.8336 2019-02-17 20:17:58
Want to analyze US Dollar/Moroccan Dirham USDMAD or another symbol? Try our Free Forex Trend Analysis Report.