Forex Trend Analysis Report
Prepared for you on Sunday, August 20, 2017.
United Arab Emirates Dirham/Bahraini Dinar (FOREX:AEDBHD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Aug 9th, 2017 at 0.10259
The short term trend has been UP since Aug 14th, 2017 at 0.10275
Smart Scan Analysis for AEDBHD
Based on a pre-defined weighted trend formula for chart analysis, AEDBHD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).