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Forex Trend Analysis Report

Prepared for you on Saturday, January 25, 2020.

Euro/United Arab Emirates Dirham (FOREX:EURAED)

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.

Open High Low EURAED Price Change
4.0585 4.0627 4.0493 4.0500 -0.0085
Entry Signal

MarketClub’s Trade Triangles for EURAED

long term up The long term trend has been UP since Dec 12th, 2019 at 4.1040

intermediate term down The intermediate term trend has been DOWN since Jan 20th, 2020 at 4.0724

short term down The short term trend has been DOWN since Jan 17th, 2020 at 4.0825

Smart Scan Analysis for EURAED

Based on a pre-defined weighted trend formula for chart analysis, EURAED scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for EURAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.0585 4.0627 4.0493 4.0500 -0.0085
Prev. Close Volume Bid Ask Time
4.0585 4.0475 4.0525 2020-01-24 17:04:24
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