Forex Trend Analysis Report
Prepared for you on Saturday, April 21, 2018.
US Dollar/United Arab Emirates Dirham (FOREX:USDAED)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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 3.6732
The intermediate term trend has been UP since Mar 16th, 2018 at 3.6733
The short term trend has been DOWN since Apr 19th, 2018 at 3.6730
Smart Scan Analysis for USDAED
Based on a pre-defined weighted trend formula for chart analysis, USDAED scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).