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Forex Trend Analysis Report

Prepared for you on Thursday, September 19, 2019.

US Dollar/Moroccan Dirham (FOREX:USDMAD)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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_USDMAD
Open High Low USDMAD Price Change
9.6725 9.6725 9.6698 9.6698 -0.0027
Entry Signal

MarketClub’s Trade Triangles for USDMAD

long term down The long term trend has been DOWN since Jun 20th, 2019 at 9.54605

intermediate term up The intermediate term trend has been UP since Aug 30th, 2019 at 9.63650

short term up The short term trend has been UP since Sep 18th, 2019 at 9.68450

Smart Scan Analysis for USDMAD

Based on a pre-defined weighted trend formula for chart analysis, USDMAD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for USDMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.6725 9.6725 9.6698 9.6698 -0.0027
Prev. Close Volume Bid Ask Time
9.6725 9.5241 9.8155 2019-09-19 11:34:21
Want to analyze US Dollar/Moroccan Dirham USDMAD or another symbol? Try our Free Forex Trend Analysis Report.