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.
MarketClub’s Trade Triangles for EURAED
The long term trend has been UP since Dec 12th, 2019 at 4.1040
The intermediate term trend has been DOWN since Jan 20th, 2020 at 4.0724
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).