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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/United Arab Emirates Dirham (FOREX:GBPAED)
Strong Downtrend (-100) - GBPAED is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPAED continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPAED.
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 GBPAED
The long-term trend has been DOWN since Apr 11th, 2024 at 4.6040262
The intermediate-term trend has been DOWN since Mar 27th, 2024 at 4.6513105
The short-term trend has been DOWN since May 8th, 2024 at 4.6039794
Smart Scan Analysis for GBPAED
Based on our trend formula, GBPAED is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.5882177 | 4.5882177 | 4.5847376 | 4.5847376 | -0.0034800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.5882177 | 2024-05-09 03:25:52 |