Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
United Arab Emirates Dirham/Bahraini Dinar (FOREX:AEDBHD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 AEDBHD
The long term trend has been DOWN since Sep 2nd, 2018 at 0.102310
The intermediate term trend has been DOWN since Sep 16th, 2018 at 0.102051
The short term trend has been UP since Oct 19th, 2018 at 0.102720
Smart Scan Analysis for AEDBHD
Based on a pre-defined weighted trend formula for chart analysis, AEDBHD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).