Forex Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
United Arab Emirates Dirham/Indian Rupee (FOREX:AEDINR)
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 AEDINR
The long term trend has been DOWN since Dec 31st, 2018 at 18.963
The intermediate term trend has been UP since Jul 22nd, 2019 at 18.810
The short term trend has been UP since Jul 17th, 2019 at 18.699
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).