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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
British Pound/United Arab Emirates Dirham (FOREX:GBPAED)
Sidelines Mode (-55) - GBPAED 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 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 UP since Apr 23rd, 2024 at 4.5722689
Smart Scan Analysis for GBPAED
Based on our trend formula, GBPAED is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.5912449 | 4.5991060 | 4.5912449 | 4.5975091 | +0.0062640 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.5912449 | 2024-04-26 07:51:41 |