Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2017.
United Arab Emirates Dirham/Saudi Arabian Riyal (FOREX:AEDSAR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 Nov 10th, 2017 at 1.0205
The short term trend has been DOWN since Dec 1st, 2017 at 1.0208
Smart Scan Analysis for AEDSAR
Based on a pre-defined weighted trend formula for chart analysis, AEDSAR scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).