Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
United Arab Emirates Dirham/US Dollar (FOREX:AEDUSD)
Sidelines Mode (-55) - AEDUSD 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
MarketClub looks at technical strength and momentum to determine if the timing is right for AEDUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AEDUSD
The long-term trend has been DOWN since Jan 2nd, 2020 at 0.2722385
The intermediate-term trend has been DOWN since Dec 16th, 2019 at 0.2722422
The short-term trend has been UP since Jan 9th, 2020 at 0.2722630
Smart Scan Analysis for AEDUSD
Based on our trend formula, AEDUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).