Forex Trend Analysis Report
Prepared for you on Thursday, November 15, 2018.
United Arab Emirates Dirham/British Pound (FOREX:AEDGBP)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UP since Oct 24th, 2018 at 0.210375
The short term trend has been UP since Nov 15th, 2018 at 0.211865
Smart Scan Analysis for AEDGBP
Based on a pre-defined weighted trend formula for chart analysis, AEDGBP scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).