Forex Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
Australian Dollar/United Arab Emirates Dirham (FOREX:AUDAED)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 AUDAED
The long term trend has been DOWN since Jan 31st, 2020 at 2.4576000
The intermediate term trend has been DOWN since Jan 21st, 2020 at 2.5161286
The short term trend has been UP since Feb 11th, 2020 at 2.4644279
Smart Scan Analysis for AUDAED
Based on a pre-defined weighted trend formula for chart analysis, AUDAED scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).