Forex Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
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 UP since Nov 18th, 2018 at 0.103350
The intermediate term trend has been DOWN since Dec 2nd, 2018 at 0.102425
The short term trend has been UP since Dec 13th, 2018 at 0.102745
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).