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Forex Trend Analysis Report

Prepared for you on Monday, August 3, 2020.

United Arab Emirates Dirham/British Pound (FOREX:AEDGBP)

Long-Term Downtrend (-90) - AEDGBP is in a strong downtrend that is likely to continue. While AEDGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid AEDGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for AEDGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_AEDGBP
Open High Low AEDGBP Price Change
0.20826176 0.20826176 0.20826176 0.20826176 0.00000000
Entry Signal

MarketClub’s Trade Triangles for AEDGBP

long term down The long-term trend has been DOWN since Jul 24th, 2020 at 0.21290771

intermediate term down The intermediate-term trend has been DOWN since Jul 9th, 2020 at 0.21536619

short term down The short-term trend has been DOWN since Jul 20th, 2020 at 0.21599782

Smart Scan Analysis for AEDGBP

Based on our trend formula, AEDGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for AEDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20826176 0.20826176 0.20826176 0.20826176 0.00000000
Prev. Close Volume Bid Ask Time
0.20826176 0.20825325 0.20827026 2020-08-03 15:19:46
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