Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
United Arab Emirates Dirham/South African Rand (FOREX:AEDZAR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 AEDZAR
The long term trend has been DOWN since Dec 3rd, 2018 at 3.70510
The intermediate term trend has been UP since Dec 10th, 2018 at 3.86785
The short term trend has been UP since Dec 5th, 2018 at 3.77900
Smart Scan Analysis for AEDZAR
Based on a pre-defined weighted trend formula for chart analysis, AEDZAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).