Analyze Symbol

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.

FOREX_USDMAD
Open High Low USDMAD Price Change
9.6927 9.7302 9.6868 9.6920 -0.0007
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 up The intermediate term trend has been UP since Apr 29th, 2019 at 9.6765

short term up 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).

+90
Smart Scan Analysis for USDMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.6927 9.7302 9.6868 9.6920 -0.0007
Prev. Close Volume Bid Ask Time
9.6927 9.6670 9.7170 2019-05-23 21:38:29
Want to analyze US Dollar/Moroccan Dirham USDMAD or another symbol? Try our Free Forex Trend Analysis Report.