Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
United Arab Emirates Dirham/Canadian Dollar (FOREX:AEDCAD)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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.
MarketClub’s Trade Triangles for AEDCAD
The long term trend has been UP since Nov 9th, 2018 at 0.359710
The intermediate term trend has been UP since Mar 5th, 2019 at 0.363015
The short term trend has been UP since May 17th, 2019 at 0.367135
Smart Scan Analysis for AEDCAD
Based on a pre-defined weighted trend formula for chart analysis, AEDCAD scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).