Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
United Arab Emirates Dirham/Saudi Arabian Riyal (FOREX:AEDSAR)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Sep 9th, 2018 at 1.017235
The intermediate term trend has been DOWN since Sep 16th, 2018 at 1.015385
The short term trend has been DOWN since Sep 16th, 2018 at 1.020700
Smart Scan Analysis for AEDSAR
Based on a pre-defined weighted trend formula for chart analysis, AEDSAR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).