Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
United Arab Emirates Dirham/New Zealand Dollar (FOREX:AEDNZD)
Countertrend Up (+85) - AEDNZD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Mar 23rd, 2021 at 0.38808535
The intermediate-term trend has been UP since Sep 22nd, 2021 at 0.38919610
The short-term trend has been DOWN since Oct 4th, 2021 at 0.39156710
Smart Scan Analysis for AEDNZD
Based on our trend formula, AEDNZD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).