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.
MarketClub’s Trade Triangles for AEDMXN
The long term trend has been UP since Oct 3rd, 2018 at 5.15915
The intermediate term trend has been DOWN since Dec 12th, 2018 at 5.44920
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).