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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Euro/United Arab Emirates Dirham (FOREX:EURAED)
Sidelines Mode (-55) - EURAED 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 EURAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURAED.
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 EURAED
The long-term trend has been DOWN since Apr 11th, 2024 at 3.9313
The intermediate-term trend has been DOWN since Mar 27th, 2024 at 3.9739
The short-term trend has been UP since May 2nd, 2024 at 3.9411
Smart Scan Analysis for EURAED
Based on our trend formula, EURAED is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.9450 | 3.9500 | 3.9446 | 3.9476 | +0.0026 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.9450 | 2024-05-08 22:59:59 |