Forex Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
United Arab Emirates Dirham/Canadian Dollar (FOREX:AEDCAD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 AEDCAD
The long term trend has been DOWN since Jun 14th, 2017 at 0.360265
The intermediate term trend has been UP since Sep 27th, 2017 at 0.337840
The short term trend has been UP since Oct 17th, 2017 at 0.340250
Smart Scan Analysis for AEDCAD
Based on a pre-defined weighted trend formula for chart analysis, AEDCAD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).