Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
United Arab Emirates Dirham/Saudi Arabian Riyal (FOREX:AEDSAR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 AEDSAR
The long term trend has been DOWN since Jun 4th, 2019 at 1.01972
The intermediate term trend has been UP since Jun 28th, 2019 at 1.02765
The short term trend has been UP since Jul 19th, 2019 at 1.02145
Smart Scan Analysis for AEDSAR
Based on a pre-defined weighted trend formula for chart analysis, AEDSAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).