Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
United Arab Emirates Dirham/Euro (FOREX:AEDEUR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 AEDEUR
The long term trend has been UP since May 2nd, 2018 at 0.22560000
The intermediate term trend has been UP since Nov 12th, 2019 at 0.24707229
The short term trend has been DOWN since Nov 15th, 2019 at 0.24674309
Smart Scan Analysis for AEDEUR
Based on a pre-defined weighted trend formula for chart analysis, AEDEUR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).