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.
MarketClub’s Trade Triangles for AUDAED
The long term trend has been DOWN since Dec 27th, 2018 at 2.5792000
The intermediate term trend has been DOWN since Nov 13th, 2019 at 2.5017178
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).