Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
United Arab Emirates Dirham/Chinese Yuan Renminbi (FOREX:AEDCNY)
Weak Downtrend (-65) - AEDCNY is showing signs of a strengthening downtrend. Monitor AEDCNY as it may be building momentum to the downside.
Is it time to buy, sell, or avoid AEDCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for AEDCNY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AEDCNY
The long-term trend has been DOWN since Sep 3rd, 2021 at 1.7556314
The intermediate-term trend has been UP since Sep 21st, 2021 at 1.7616756
The short-term trend has been DOWN since Sep 30th, 2021 at 1.7565788
Smart Scan Analysis for AEDCNY
Based on our trend formula, AEDCNY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).