Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
Australian Dollar/United Arab Emirates Dirham (FOREX:AUDAED)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 AUDAED
The long term trend has been DOWN since Dec 27th, 2018 at 2.57920
The intermediate term trend has been DOWN since Feb 7th, 2019 at 2.60315
The short term trend has been UP since Feb 12th, 2019 at 2.61065
Smart Scan Analysis for AUDAED
Based on a pre-defined weighted trend formula for chart analysis, AUDAED scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).