Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
United Arab Emirates Dirham/Australian Dollar (FOREX:AEDAUD)
Bear Market Rally (-75) - AEDAUD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AEDAUD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid AEDAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for AEDAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AEDAUD
The long-term trend has been DOWN since Jun 1st, 2020 at 0.40752878
The intermediate-term trend has been DOWN since Apr 7th, 2020 at 0.44110807
The short-term trend has been UP since Aug 3rd, 2020 at 0.38111204
Smart Scan Analysis for AEDAUD
Based on our trend formula, AEDAUD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).