Forex Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
United Arab Emirates Dirham/Saudi Arabian Riyal (FOREX:AEDSAR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management 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 AEDSAR
The long term trend has been DOWN since May 30th, 2017 at 1.0205
The intermediate term trend has been DOWN since Sep 26th, 2017 at 1.0207
The short term trend has been UP since Oct 17th, 2017 at 1.0212
Smart Scan Analysis for AEDSAR
Based on a pre-defined weighted trend formula for chart analysis, AEDSAR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).