Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
British Pound/United Arab Emirates Dirham (FOREX:GBPAED)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UP since Oct 17th, 2019 at 4.6649500
The intermediate term trend has been UP since Dec 3rd, 2019 at 4.7629668
The short term trend has been UP since Jan 16th, 2020 at 4.7988521
Smart Scan Analysis for GBPAED
Based on a pre-defined weighted trend formula for chart analysis, GBPAED scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).