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Forex Trend Analysis Report

Prepared for you on Wednesday, July 17, 2019.

Euro/United Arab Emirates Dirham (FOREX:EURAED)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.

Open High Low EURAED Price Change
4.1182 4.1218 4.1178 4.1218 +0.0036
Entry Signal

MarketClub’s Trade Triangles for EURAED

long term down The long term trend has been DOWN since May 2nd, 2018 at 4.4326

intermediate term up The intermediate term trend has been UP since Jun 3rd, 2019 at 4.1343

short term down The short term trend has been DOWN since Jul 16th, 2019 at 4.1301

Smart Scan Analysis for EURAED

Based on a pre-defined weighted trend formula for chart analysis, EURAED scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for EURAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.1182 4.1218 4.1178 4.1218 +0.0036
Prev. Close Volume Bid Ask Time
4.1182 4.1193 4.1243 2019-07-17 09:23:04
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