Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
United Arab Emirates Dirham/Saudi Arabian Riyal (FOREX:AEDSAR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 AEDSAR
The long term trend has been UP since Nov 18th, 2018 at 1.02970
The intermediate term trend has been DOWN since Dec 2nd, 2018 at 1.01965
The short term trend has been DOWN since Dec 6th, 2018 at 1.02120
Smart Scan Analysis for AEDSAR
Based on a pre-defined weighted trend formula for chart analysis, AEDSAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).