Forex Trend Analysis Report
Prepared for you on Sunday, March 18, 2018.
Euro/United Arab Emirates Dirham (FOREX:EURAED)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 EURAED
The long term trend has been UP since Jan 2nd, 2018 at 4.4166
The intermediate term trend has been DOWN since Feb 28th, 2018 at 4.4906
The short term trend has been UP since Mar 5th, 2018 at 4.5236
Smart Scan Analysis for EURAED
Based on a pre-defined weighted trend formula for chart analysis, EURAED scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).