Forex Trend Analysis Report
Prepared for you on Monday, April 24, 2017.
US Dollar/United Arab Emirates Dirham (FOREX:USDAED)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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 USDAED
The long term trend has been DOWN since Nov 23rd, 2016 at 3.6725
The intermediate term trend has been DOWN since Apr 5th, 2017 at 3.6728
The short term trend has been DOWN since Apr 20th, 2017 at 3.6728
Smart Scan Analysis for USDAED
Based on a pre-defined weighted trend formula for chart analysis, USDAED scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).