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Forex Trend Analysis Report

Prepared for you on Sunday, August 1, 2021.

United Arab Emirates Dirham/Japanese Yen (FOREX:AEDJPY)

Crossroads (-60) - AEDJPY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_AEDJPY
Open High Low AEDJPY Price Change
29.820393 29.889001 29.816098 29.889001 +0.068608
Entry Signal

MarketClub’s Trade Triangles for AEDJPY

long term up The long-term trend has been UP since Feb 4th, 2021 at 28.702496

intermediate term down The intermediate-term trend has been DOWN since Jul 19th, 2021 at 29.857065

short term down The short-term trend has been DOWN since Jul 27th, 2021 at 29.975225

Smart Scan Analysis for AEDJPY

Based on our trend formula, AEDJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for AEDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
29.820393 29.889001 29.816098 29.889001 +0.068608
Prev. Close Volume Bid Ask Time
29.820393 2021-07-30 09:11:40
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