Forex Trend Analysis Report
Prepared for you on Monday, June 24, 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 DOWN since May 29th, 2019 at 0.65853
The intermediate term trend has been DOWN since May 28th, 2019 at 0.66554
The short term trend has been UP since Jun 17th, 2019 at 0.65353
Smart Scan Analysis for ZARMAD
Based on a pre-defined weighted trend formula for chart analysis, ZARMAD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).