Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
United Arab Emirates Dirham/Australian Dollar (FOREX:AEDAUD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 AEDAUD
The long term trend has been DOWN since Jan 12th, 2018 at 0.345335
The intermediate term trend has been UP since Feb 7th, 2018 at 0.342955
The short term trend has been UP since Mar 16th, 2018 at 0.346250
Smart Scan Analysis for AEDAUD
Based on a pre-defined weighted trend formula for chart analysis, AEDAUD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).