Forex Trend Analysis Report
Prepared for you on Thursday, June 20, 2019.
United Arab Emirates Dirham/US Dollar (FOREX:AEDUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 AEDUSD
The long term trend has been DOWN since Jun 7th, 2019 at 0.272205
The intermediate term trend has been DOWN since Jun 7th, 2019 at 0.272210
The short term trend has been UP since Jun 19th, 2019 at 0.272265
Smart Scan Analysis for AEDUSD
Based on a pre-defined weighted trend formula for chart analysis, AEDUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).