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.
MarketClub’s Trade Triangles for AEDGBP
The long-term trend has been DOWN since Jul 24th, 2020 at 0.21290771
The intermediate-term trend has been DOWN since Jul 9th, 2020 at 0.21536619
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).