Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
United Arab Emirates Dirham/Indian Rupee (FOREX:AEDINR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 AEDINR
The long term trend has been UP since Aug 6th, 2019 at 19.324500
The intermediate term trend has been DOWN since Dec 5th, 2019 at 19.422014
The short term trend has been DOWN since Dec 4th, 2019 at 19.510775
Smart Scan Analysis for AEDINR
Based on a pre-defined weighted trend formula for chart analysis, AEDINR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).