Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
South African Rand/Moroccan Dirham (FOREX:ZARMAD)
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 ZARMAD
The long term trend has been UP since Dec 3rd, 2018 at 0.696660
The intermediate term trend has been DOWN since Feb 13th, 2019 at 0.684145
The short term trend has been DOWN since Mar 13th, 2019 at 0.666600
Smart Scan Analysis for ZARMAD
Based on a pre-defined weighted trend formula for chart analysis, ZARMAD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).