Forex Trend Analysis Report
Prepared for you on Friday, November 17, 2017.
Euro/United Arab Emirates Dirham (FOREX:EURAED)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 EURAED
The long term trend has been DOWN since Nov 7th, 2017 at 4.2642
The intermediate term trend has been UP since Nov 15th, 2017 at 4.3457
The short term trend has been UP since Nov 10th, 2017 at 4.2798
Smart Scan Analysis for EURAED
Based on a pre-defined weighted trend formula for chart analysis, EURAED scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).