Forex Trend Analysis Report
Prepared for you on Wednesday, May 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 UP since Apr 20th, 2018 at 0.354775
The intermediate term trend has been DOWN since May 21st, 2018 at 0.359070
The short term trend has been DOWN since May 21st, 2018 at 0.361240
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).