Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Thursday, October 17, 2019.

United Arab Emirates Dirham/Canadian Dollar (FOREX:AEDCAD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_AEDCAD
Open High Low AEDCAD Price Change
0.35966709 0.35966709 0.35764228 0.35767318 -0.00199400
Entry Signal

MarketClub’s Trade Triangles for AEDCAD

long term down The long term trend has been DOWN since Jun 27th, 2019 at 0.357580

intermediate term down The intermediate term trend has been DOWN since Oct 13th, 2019 at 0.360015

short term down The short term trend has been DOWN since Oct 13th, 2019 at 0.362240

Smart Scan Analysis for AEDCAD

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

-100
Smart Scan Analysis for AEDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.35966709 0.35966709 0.35764228 0.35767318 -0.00199400
Prev. Close Volume Bid Ask Time
0.35966709 0.35757580 0.35777055 2019-10-17 18:24:10
Want to analyze United Arab Emirates Dirham/Canadian Dollar AEDCAD or another symbol? Try our Free Forex Trend Analysis Report.