Forex Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
New Zealand Dollar/United Arab Emirates Dirham (FOREX:NZDAED)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 NZDAED
The long term trend has been DOWN since Apr 25th, 2018 at 2.6015
The intermediate term trend has been DOWN since Apr 20th, 2018 at 2.6507
The short term trend has been UP since May 21st, 2018 at 2.5427
Smart Scan Analysis for NZDAED
Based on a pre-defined weighted trend formula for chart analysis, NZDAED scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).