Forex Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
US Dollar/United Arab Emirates Dirham (FOREX:USDAED)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 Nov 11th, 2018 at 3.67330
The intermediate term trend has been DOWN since Nov 26th, 2018 at 3.67295
The short term trend has been DOWN since Nov 25th, 2018 at 3.67296
Smart Scan Analysis for USDAED
Based on a pre-defined weighted trend formula for chart analysis, USDAED scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).