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Forex Trend Analysis Report

Prepared for you on Monday, October 22, 2018.

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

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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
2.61620 2.61620 2.60085 2.60105 -0.01515
Entry Signal

MarketClub’s Trade Triangles for AUDAED

long term down The long term trend has been DOWN since Apr 23rd, 2018 at 2.81110

intermediate term down The intermediate term trend has been DOWN since Aug 10th, 2018 at 2.69280

short term down The short term trend has been DOWN since Oct 17th, 2018 at 2.61165

Smart Scan Analysis for AUDAED

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

-100
Smart Scan Analysis for AUDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.61620 2.61620 2.60085 2.60105 -0.01515
Prev. Close Volume Bid Ask Time
2.61620 2.59950 2.60260 2018-10-22 19:07:41
Want to analyze Australian Dollar/United Arab Emirates Dirham AUDAED or another symbol? Try our Free Forex Trend Analysis Report.