Forex Trend Analysis Report
Prepared for you on Sunday, May 27, 2018.
United Arab Emirates Dirham/US Dollar (FOREX:AEDUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 AEDUSD
The long term trend has been DOWN since Dec 28th, 2017 at 0.272245
The intermediate term trend has been DOWN since Apr 25th, 2018 at 0.272245
The short term trend has been UP since May 18th, 2018 at 0.272255
Smart Scan Analysis for AEDUSD
Based on a pre-defined weighted trend formula for chart analysis, AEDUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).