Forex Trend Analysis Report
Prepared for you on Sunday, February 17, 2019.
Swiss Franc/United Arab Emirates Dirham (FOREX:CHFAED)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 CHFAED
The long term trend has been UP since Jan 7th, 2019 at 3.74625
The intermediate term trend has been DOWN since Jan 18th, 2019 at 3.68860
The short term trend has been DOWN since Jan 30th, 2019 at 3.68930
Smart Scan Analysis for CHFAED
Based on a pre-defined weighted trend formula for chart analysis, CHFAED scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).