Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
US Dollar/United Arab Emirates Dirham (FOREX:USDAED)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 USDAED
The long term trend has been UP since Dec 28th, 2017 at 3.67320
The intermediate term trend has been UP since Sep 24th, 2018 at 3.67325
The short term trend has been DOWN since Oct 15th, 2018 at 3.67294
Smart Scan Analysis for USDAED
Based on a pre-defined weighted trend formula for chart analysis, USDAED scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).