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Forex Trend Analysis Report

Prepared for you on Wednesday, August 15, 2018.

Australian Dollar/United Arab Emirates Dirham (FOREX:AUDAED)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_AUDAED
Open High Low AUDAED Price Change
2.6484 2.6555 2.6484 2.6521 +0.0037
Entry Signal

MarketClub’s Trade Triangles for AUDAED

long term down The long term trend has been DOWN since Apr 23rd, 2018 at 2.8111

intermediate term down The intermediate term trend has been DOWN since Aug 10th, 2018 at 2.6928

short term down The short term trend has been DOWN since Aug 9th, 2018 at 2.7117

Smart Scan Analysis for AUDAED

Based on a pre-defined weighted trend formula for chart analysis, AUDAED scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for AUDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6484 2.6555 2.6484 2.6521 +0.0037
Prev. Close Volume Bid Ask Time
2.6484 2.6505 2.6537 2018-08-15 08:54:58
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