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Forex Trend Analysis Report

Prepared for you on Friday, November 16, 2018.

Euro/United Arab Emirates Dirham (FOREX:EURAED)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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.

Open High Low EURAED Price Change
4.1624 4.1938 4.1624 4.1938 +0.0314
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 down The intermediate term trend has been DOWN since Oct 2nd, 2018 at 4.2399

short term up The short term trend has been UP since Nov 15th, 2018 at 4.1632

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).

Smart Scan Analysis for EURAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.1624 4.1938 4.1624 4.1938 +0.0314
Prev. Close Volume Bid Ask Time
4.1624 4.1913 4.1963 2018-11-16 13:10:49
Want to analyze Euro/United Arab Emirates Dirham EURAED or another symbol? Try our Free Forex Trend Analysis Report.