Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
United Arab Emirates Dirham/Saudi Arabian Riyal (FOREX:AEDSAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Jun 8th, 2018 at 1.0251
The intermediate term trend has been UP since Jun 8th, 2018 at 1.0219
The short term trend has been DOWN since Jul 16th, 2018 at 1.0208
Smart Scan Analysis for AEDSAR
Based on a pre-defined weighted trend formula for chart analysis, AEDSAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).