Forex Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
United Arab Emirates Dirham/British Pound (FOREX:AEDGBP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 AEDGBP
The long term trend has been UP since May 1st, 2018 at 0.197945
The intermediate term trend has been DOWN since Aug 30th, 2018 at 0.209400
The short term trend has been DOWN since Sep 10th, 2018 at 0.210035
Smart Scan Analysis for AEDGBP
Based on a pre-defined weighted trend formula for chart analysis, AEDGBP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).