Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
United Arab Emirates Dirham/Singapore Dollar (FOREX:AEDSGD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 AEDSGD
The long term trend has been DOWN since Nov 1st, 2019 at 0.36981677
The intermediate term trend has been DOWN since Dec 9th, 2019 at 0.37003295
The short term trend has been UP since Jan 20th, 2020 at 0.36695525
Smart Scan Analysis for AEDSGD
Based on a pre-defined weighted trend formula for chart analysis, AEDSGD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).