Forex Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
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 May 2nd, 2017 at 3.67315
The intermediate term trend has been DOWN since Oct 10th, 2017 at 3.67270
The short term trend has been UP since Oct 18th, 2017 at 3.67305
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).