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.
MarketClub’s Trade Triangles for EURAED
The long term trend has been DOWN since May 2nd, 2018 at 4.4326
The intermediate term trend has been UP since Aug 27th, 2018 at 4.2717
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).