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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.

FOREX_USDMAD
Open High Low USDMAD Price Change
9.63230 9.63560 9.55235 9.55235 -0.07995
Entry Signal

MarketClub’s Trade Triangles for USDMAD

long term up The long term trend has been UP since Dec 14th, 2018 at 9.59380

intermediate term down The intermediate term trend has been DOWN since Jun 7th, 2019 at 9.62565

short term down 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).

-70
Smart Scan Analysis for USDMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.63230 9.63560 9.55235 9.55235 -0.07995
Prev. Close Volume Bid Ask Time
9.63230 9.28590 9.81880 2019-06-19 23:21:15
Want to analyze US Dollar/Moroccan Dirham USDMAD or another symbol? Try our Free Forex Trend Analysis Report.