Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
United Arab Emirates Dirham/Australian Dollar (FOREX:AEDAUD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 AEDAUD
The long term trend has been UP since Apr 20th, 2018 at 0.354775
The intermediate term trend has been UP since Aug 10th, 2018 at 0.370435
The short term trend has been DOWN since Aug 17th, 2018 at 0.374025
Smart Scan Analysis for AEDAUD
Based on a pre-defined weighted trend formula for chart analysis, AEDAUD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).