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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.

FOREX_AEDCNY
Open High Low AEDCNY Price Change
1.7550594 1.7560050 1.7550594 1.7560050 +0.0009460
Entry Signal

MarketClub’s Trade Triangles for AEDCNY

long term down The long-term trend has been DOWN since Sep 3rd, 2021 at 1.7556314

intermediate term up The intermediate-term trend has been UP since Sep 21st, 2021 at 1.7616756

short term down 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).

-65
Smart Scan Analysis for AEDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.7550594 1.7560050 1.7550594 1.7560050 +0.0009460
Prev. Close Volume Bid Ask Time
1.7558568 2021-10-07 23:55:16
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