Forex Trend Analysis Report
Prepared for you on Tuesday, December 18, 2018.
United Arab Emirates Dirham/Icelandic Krona (FOREX:AEDISK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 AEDISK
The long term trend has been UP since May 4th, 2018 at 27.91375
The intermediate term trend has been DOWN since Dec 4th, 2018 at 33.31700
The short term trend has been DOWN since Dec 17th, 2018 at 33.51400
Smart Scan Analysis for AEDISK
Based on a pre-defined weighted trend formula for chart analysis, AEDISK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).