Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
United Arab Emirates Dirham/US Dollar (FOREX:AEDUSD)
Crossroads (+60) - AEDUSD 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 AEDUSD?
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 Jul 13th, 2020 at 0.27223480
The intermediate-term trend has been UP since Jul 27th, 2020 at 0.27226072
The short-term trend has been UP since Sep 29th, 2020 at 0.27226072
Smart Scan Analysis for AEDUSD
Based on our trend formula, AEDUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).