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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 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.

FOREX_AUDAED
Open High Low AUDAED Price Change
2.4114497 2.4140457 2.4031955 2.4086909 -0.0027590
Entry Signal

MarketClub’s Trade Triangles for AUDAED

long term up The long-term trend has been UP since Dec 1st, 2023 at 2.4476081

intermediate term up The intermediate-term trend has been UP since Mar 7th, 2024 at 2.4200332

short term down The short-term trend has been DOWN since Mar 14th, 2024 at 2.4197661

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).

+55
Smart Scan Analysis for AUDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.4114497 2.4140457 2.4031955 2.4086909 -0.0027590
Prev. Close Volume Bid Ask Time
2.4024420 2024-03-18 22:30:10
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