Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
United Arab Emirates Dirham/Euro (FOREX:AEDEUR)
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 AEDEUR
The long term trend has been UP since May 2nd, 2018 at 0.225600
The intermediate term trend has been DOWN since Jul 9th, 2018 at 0.231495
The short term trend has been DOWN since Jul 16th, 2018 at 0.232915
Smart Scan Analysis for AEDEUR
Based on a pre-defined weighted trend formula for chart analysis, AEDEUR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).