Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
United Arab Emirates Dirham/New Zealand Dollar (FOREX:AEDNZD)
Long-Term Downtrend (-90) - AEDNZD is in a strong downtrend that is likely to continue. While AEDNZD 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 AEDNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for AEDNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AEDNZD
The long-term trend has been DOWN since Jun 3rd, 2020 at 0.42330049
The intermediate-term trend has been DOWN since Oct 21st, 2020 at 0.40830950
The short-term trend has been DOWN since Feb 19th, 2021 at 0.37508170
Smart Scan Analysis for AEDNZD
Based on our trend formula, AEDNZD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).