Forex Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
Swiss Franc/United Arab Emirates Dirham (FOREX:CHFAED)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management 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 CHFAED
The long term trend has been DOWN since Apr 25th, 2018 at 3.73680
The intermediate term trend has been DOWN since Jun 18th, 2018 at 3.68045
The short term trend has been UP since Jul 16th, 2018 at 3.67165
Smart Scan Analysis for CHFAED
Based on a pre-defined weighted trend formula for chart analysis, CHFAED scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).