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Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2020.

US Dollar/United Arab Emirates Dirham (FOREX:USDAED)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_USDAED
Open High Low USDAED Price Change
3.67297 3.67305 3.67297 3.67305 +0.00008
Entry Signal

MarketClub’s Trade Triangles for USDAED

long term up The long term trend has been UP since Jan 2nd, 2020 at 3.67323

intermediate term down The intermediate term trend has been DOWN since Jan 9th, 2020 at 3.67285

short term down The short term trend has been DOWN since Jan 9th, 2020 at 3.67295

Smart Scan Analysis for USDAED

Based on a pre-defined weighted trend formula for chart analysis, USDAED scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for USDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.67297 3.67305 3.67297 3.67305 +0.00008
Prev. Close Volume Bid Ask Time
3.67297 3.67290 3.67320 2020-01-22 09:33:29
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