Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
United Arab Emirates Dirham/South African Rand (FOREX:AEDZAR)
Countertrend Up (+85) - AEDZAR 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 AEDZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for AEDZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AEDZAR
The long-term trend has been UP since Feb 20th, 2020 at 4.1272844
The intermediate-term trend has been UP since Jan 13th, 2020 at 3.9336410
The short-term trend has been DOWN since Apr 7th, 2020 at 5.0429054
Smart Scan Analysis for AEDZAR
Based on our trend formula, AEDZAR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).