Forex Trend Analysis Report
Prepared for you on Friday, February 23, 2018.
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 positive trend to resume. Uptrend 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 UP since Jan 12th, 2018 at 1.02160
The intermediate term trend has been UP since Feb 20th, 2018 at 1.02135
The short term trend has been DOWN since Feb 23rd, 2018 at 1.02085
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).