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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Australian Dollar/United Arab Emirates Dirham (FOREX:AUDAED)
Sidelines Mode (+55) - AUDAED is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid AUDAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDAED.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for AUDAED
The long-term trend has been DOWN since Apr 15th, 2024 at 2.3672263
The intermediate-term trend has been UP since May 3rd, 2024 at 2.4347731
The short-term trend has been DOWN since May 8th, 2024 at 2.4130709
Smart Scan Analysis for AUDAED
Based on our trend formula, AUDAED is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.4181761 | 2.4310281 | 2.4115466 | 2.4310281 | +0.0128520 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.4181761 | 2024-05-09 15:43:27 |