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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.

FOREX_ZARMAD
Open High Low ZARMAD Price Change
0.664425 0.664885 0.663335 0.663335 -0.001090
Entry Signal

MarketClub’s Trade Triangles for ZARMAD

long term up The long term trend has been UP since Dec 3rd, 2018 at 0.696660

intermediate term down The intermediate term trend has been DOWN since Feb 13th, 2019 at 0.684145

short term down 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).

-70
Smart Scan Analysis for ZARMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.664425 0.664885 0.663335 0.663335 -0.001090
Prev. Close Volume Bid Ask Time
0.664425 0.645050 0.681620 2019-03-19 04:49:42
Want to analyze South African Rand/Moroccan Dirham ZARMAD or another symbol? Try our Free Forex Trend Analysis Report.