Forex Trend Analysis Report
Prepared for you on Sunday, March 26, 2017.
US Dollar/United Arab Emirates Dirham (FOREX:USDAED)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Mar 7th, 2017 at 3.6731
The short term trend has been DOWN since Mar 7th, 2017 at 3.6726
Smart Scan Analysis for USDAED
Based on a pre-defined weighted trend formula for chart analysis, USDAED scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).