Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Kuwaiti Dinar/United Arab Emirates Dirham (FOREX:KWDAED)
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 KWDAED
The long term trend has been DOWN since May 2nd, 2018 at 12.1855
The intermediate term trend has been DOWN since Sep 28th, 2018 at 12.1095
The short term trend has been UP since Oct 11th, 2018 at 12.1315
Smart Scan Analysis for KWDAED
Based on a pre-defined weighted trend formula for chart analysis, KWDAED scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).