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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.

FOREX_AEDAUD
Open High Low AEDAUD Price Change
0.38254987 0.38254987 0.38217237 0.38217237 -0.00037800
Entry Signal

MarketClub’s Trade Triangles for AEDAUD

long term down The long-term trend has been DOWN since Jun 1st, 2020 at 0.40752878

intermediate term down The intermediate-term trend has been DOWN since Apr 7th, 2020 at 0.44110807

short term up 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).

-75
Smart Scan Analysis for AEDAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.38254987 0.38254987 0.38217237 0.38217237 -0.00037800
Prev. Close Volume Bid Ask Time
0.38254987 0.38215676 0.38218798 2020-08-03 22:38:10
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