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Forex Trend Analysis Report

Prepared for you on Saturday, July 31, 2021.

United Arab Emirates Dirham/Chinese Yuan Renminbi (FOREX:AEDCNY)

Weak Uptrend (+65) - AEDCNY is showing signs of weakening momentum to the upside. Monitor AEDCNY as it may be in the beginning stages of a reversal.

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.

FOREX_AEDCNY
Open High Low AEDCNY Price Change
1.7585501 1.7605814 1.7574800 1.7595410 +0.0009910
Entry Signal

MarketClub’s Trade Triangles for AEDCNY

long term up The long-term trend has been UP since Jul 27th, 2021 at 1.7677173

intermediate term up The intermediate-term trend has been UP since Jul 27th, 2021 at 1.7677173

short term down The short-term trend has been DOWN since Jul 29th, 2021 at 1.7630473

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).

+65
Smart Scan Analysis for AEDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.7585501 1.7605814 1.7574800 1.7595410 +0.0009910
Prev. Close Volume Bid Ask Time
1.7585501 2021-07-30 17:14:55
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