Forex Trend Analysis Report
Prepared for you on Tuesday, December 18, 2018.
Jordanian Dinar/United Arab Emirates Dirham (FOREX:JODAED)
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.
MarketClub’s Trade Triangles for JODAED
The long term trend has been UP since Sep 2nd, 2018 at 5.19915
The intermediate term trend has been DOWN since Dec 6th, 2018 at 5.16250
The short term trend has been UP since Dec 17th, 2018 at 5.18010
Smart Scan Analysis for JODAED
Based on a pre-defined weighted trend formula for chart analysis, JODAED scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).