Forex Trend Analysis Report
Prepared for you on Thursday, February 22, 2018.
United Arab Emirates Dirham/Canadian Dollar (FOREX:AEDCAD)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 AEDCAD
The long term trend has been DOWN since Jun 14th, 2017 at 0.360265
The intermediate term trend has been UP since Feb 7th, 2018 at 0.340210
The short term trend has been UP since Feb 7th, 2018 at 0.336535
Smart Scan Analysis for AEDCAD
Based on a pre-defined weighted trend formula for chart analysis, AEDCAD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).