Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
United Arab Emirates Dirham/Indian Rupee (FOREX:AEDINR)
Sidelines Mode (-55) - AEDINR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid AEDINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for AEDINR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AEDINR
The long-term trend has been DOWN since Jul 2nd, 2020 at 20.421427
The intermediate-term trend has been DOWN since Jul 2nd, 2020 at 20.527198
The short-term trend has been UP since Jul 23rd, 2020 at 20.371449
Smart Scan Analysis for AEDINR
Based on our trend formula, AEDINR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).