Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
United Arab Emirates Dirham/Euro (FOREX:AEDEUR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 AEDEUR
The long term trend has been UP since May 2nd, 2018 at 0.22560
The intermediate term trend has been UP since Jul 23rd, 2019 at 0.24316
The short term trend has been DOWN since Sep 12th, 2019 at 0.24611
Smart Scan Analysis for AEDEUR
Based on a pre-defined weighted trend formula for chart analysis, AEDEUR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).