Forex Trend Analysis Report
Prepared for you on Thursday, December 12, 2019.
United Arab Emirates Dirham/Australian Dollar (FOREX:AEDAUD)
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 AEDAUD
The long term trend has been UP since Dec 27th, 2018 at 0.38702500
The intermediate term trend has been DOWN since Dec 12th, 2019 at 0.39731791
The short term trend has been DOWN since Dec 12th, 2019 at 0.39829511
Smart Scan Analysis for AEDAUD
Based on a pre-defined weighted trend formula for chart analysis, AEDAUD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).