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Forex Trend Analysis Report

Prepared for you on Thursday, September 20, 2018.

Euro/United Arab Emirates Dirham (FOREX:EURAED)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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.

FOREX_EURAED
Open High Low EURAED Price Change
4.2926 4.2943 4.2899 4.2927 +0.0001
Entry Signal

MarketClub’s Trade Triangles for EURAED

long term down The long term trend has been DOWN since May 2nd, 2018 at 4.4326

intermediate term up The intermediate term trend has been UP since Aug 27th, 2018 at 4.2717

short term up The short term trend has been UP since Sep 12th, 2018 at 4.2703

Smart Scan Analysis for EURAED

Based on a pre-defined weighted trend formula for chart analysis, EURAED scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for EURAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.2926 4.2943 4.2899 4.2927 +0.0001
Prev. Close Volume Bid Ask Time
4.2926 4.2902 4.2952 2018-09-20 06:16:43
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