Forex Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
United Arab Emirates Dirham/US Dollar (FOREX:AEDUSD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 AEDUSD
The long term trend has been DOWN since Dec 28th, 2017 at 0.272245
The intermediate term trend has been UP since Aug 2nd, 2018 at 0.272260
The short term trend has been UP since Aug 19th, 2018 at 0.272260
Smart Scan Analysis for AEDUSD
Based on a pre-defined weighted trend formula for chart analysis, AEDUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).