Forex Trend Analysis Report
Prepared for you on Sunday, October 22, 2017.
United Arab Emirates Dirham/Bahraini Dinar (FOREX:AEDBHD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 AEDBHD
The long term trend has been DOWN since Aug 11th, 2017 at 0.10253
The intermediate term trend has been DOWN since Oct 20th, 2017 at 0.10260
The short term trend has been DOWN since Oct 18th, 2017 at 0.10263
Smart Scan Analysis for AEDBHD
Based on a pre-defined weighted trend formula for chart analysis, AEDBHD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).