Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Thursday, December 13, 2018.

United Arab Emirates Dirham/Mexican Peso (FOREX:AEDMXN)

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.

FOREX_AEDMXN
Open High Low AEDMXN Price Change
5.49500 5.50605 5.44405 5.47300 -0.02200
Entry Signal

MarketClub’s Trade Triangles for AEDMXN

long term up The long term trend has been UP since Oct 3rd, 2018 at 5.15915

intermediate term down The intermediate term trend has been DOWN since Dec 12th, 2018 at 5.44920

short term down The short term trend has been DOWN since Dec 7th, 2018 at 5.51025

Smart Scan Analysis for AEDMXN

Based on a pre-defined weighted trend formula for chart analysis, AEDMXN scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for AEDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.49500 5.50605 5.44405 5.47300 -0.02200
Prev. Close Volume Bid Ask Time
5.49500 5.47250 5.47350 2018-12-12 23:59:20
Want to analyze United Arab Emirates Dirham/Mexican Peso AEDMXN or another symbol? Try our Free Forex Trend Analysis Report.