Forex Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
US Dollar/Moroccan Dirham (FOREX:USDMAD)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 USDMAD
The long term trend has been UP since Dec 14th, 2018 at 9.5938
The intermediate term trend has been UP since Apr 29th, 2019 at 9.6765
The short term trend has been UP since May 14th, 2019 at 9.6503
Smart Scan Analysis for USDMAD
Based on a pre-defined weighted trend formula for chart analysis, USDMAD scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).