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.
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 Oct 13th, 2019 at 0.360015
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).