Forex Trend Analysis Report
Prepared for you on Sunday, September 15, 2019.
British Pound/United Arab Emirates Dirham (FOREX:GBPAED)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 UP since Aug 26th, 2019 at 4.50015
The short term trend has been UP since Sep 4th, 2019 at 4.48280
Smart Scan Analysis for GBPAED
Based on a pre-defined weighted trend formula for chart analysis, GBPAED scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).