Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
British Pound/United Arab Emirates Dirham (FOREX:GBPAED)
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 GBPAED
The long term trend has been DOWN since May 17th, 2019 at 4.69380
The intermediate term trend has been DOWN since May 15th, 2019 at 4.72855
The short term trend has been UP since May 25th, 2019 at 4.67020
Smart Scan Analysis for GBPAED
Based on a pre-defined weighted trend formula for chart analysis, GBPAED scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).