Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
United Arab Emirates Dirham/Australian Dollar (FOREX:AEDAUD)
Sidelines Mode (-55) - AEDAUD 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 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 Feb 14th, 2021 at 0.35079838
The short-term trend has been UP since Feb 26th, 2021 at 0.34520593
Smart Scan Analysis for AEDAUD
Based on our trend formula, AEDAUD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).