Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Swiss Franc/United Arab Emirates Dirham (FOREX:CHFAED)
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 CHFAED
The long term trend has been UP since Dec 17th, 2019 at 3.7451000
The intermediate term trend has been UP since Dec 3rd, 2019 at 3.7199940
The short term trend has been DOWN since Jan 22nd, 2020 at 3.7911388
Smart Scan Analysis for CHFAED
Based on a pre-defined weighted trend formula for chart analysis, CHFAED scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).