Forex Trend Analysis Report
Prepared for you on Wednesday, March 21, 2018.
United Arab Emirates Dirham/British Pound (FOREX:AEDGBP)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 DOWN since Apr 18th, 2017 at 0.215280
The intermediate term trend has been DOWN since Mar 21st, 2018 at 0.194895
The short term trend has been DOWN since Mar 7th, 2018 at 0.195900
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).