Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
United Arab Emirates Dirham/South African Rand (FOREX:AEDZAR)
Long-Term Downtrend (-90) - AEDZAR is in a strong downtrend that is likely to continue. While AEDZAR 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 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 DOWN since Jul 21st, 2020 at 4.4572891
The intermediate-term trend has been DOWN since Aug 25th, 2020 at 4.5606937
The short-term trend has been DOWN since Nov 20th, 2020 at 4.1634542
Smart Scan Analysis for AEDZAR
Based on our trend formula, AEDZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).