Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
United Arab Emirates Dirham/Swedish Krona (FOREX:AEDSEK)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 AEDSEK
The long term trend has been UP since Apr 3rd, 2018 at 2.27645
The intermediate term trend has been DOWN since Jul 9th, 2018 at 2.37295
The short term trend has been DOWN since Jul 17th, 2018 at 2.39900
Smart Scan Analysis for AEDSEK
Based on a pre-defined weighted trend formula for chart analysis, AEDSEK scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).