Forex Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
US Dollar/Moroccan Dirham (FOREX:USDMAD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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.
MarketClub’s Trade Triangles for USDMAD
The long term trend has been UP since Dec 14th, 2018 at 9.59380
The intermediate term trend has been DOWN since Jun 7th, 2019 at 9.62565
The short term trend has been DOWN since Jun 19th, 2019 at 9.62540
Smart Scan Analysis for USDMAD
Based on a pre-defined weighted trend formula for chart analysis, USDMAD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).