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Forex Trend Analysis Report

Prepared for you on Saturday, December 7, 2019.

Australian Dollar/United Arab Emirates Dirham (FOREX:AUDAED)

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.

FOREX_AUDAED
Open High Low AUDAED Price Change
2.5132445 2.5170774 2.5070768 2.5119435 -0.0013010
Entry Signal

MarketClub’s Trade Triangles for AUDAED

long term down The long term trend has been DOWN since Dec 27th, 2018 at 2.5792000

intermediate term down The intermediate term trend has been DOWN since Nov 13th, 2019 at 2.5017178

short term up The short term trend has been UP since Dec 2nd, 2019 at 2.4916201

Smart Scan Analysis for AUDAED

Based on a pre-defined weighted trend formula for chart analysis, AUDAED scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for AUDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5132445 2.5170774 2.5070768 2.5119435 -0.0013010
Prev. Close Volume Bid Ask Time
2.5132445 2.5103974 2.5134895 2019-12-06 16:27:46
Want to analyze Australian Dollar/United Arab Emirates Dirham AUDAED or another symbol? Try our Free Forex Trend Analysis Report.