Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
United Arab Emirates Dirham/Canadian Dollar (FOREX:AEDCAD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 AEDCAD
The long term trend has been DOWN since Jun 27th, 2019 at 0.357580
The intermediate term trend has been DOWN since Jun 5th, 2019 at 0.364425
The short term trend has been UP since Jul 16th, 2019 at 0.355905
Smart Scan Analysis for AEDCAD
Based on a pre-defined weighted trend formula for chart analysis, AEDCAD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).