Forex Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
New Zealand Dollar/United Arab Emirates Dirham (FOREX:NZDAED)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 NZDAED
The long term trend has been UP since Nov 14th, 2018 at 2.49835
The intermediate term trend has been UP since Nov 1st, 2018 at 2.42330
The short term trend has been UP since Nov 13th, 2018 at 2.48130
Smart Scan Analysis for NZDAED
Based on a pre-defined weighted trend formula for chart analysis, NZDAED scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).