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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.

FOREX_AEDZAR
Open High Low AEDZAR Price Change
4.1356174 4.1763590 4.1256241 4.1548598 +0.0192420
Entry Signal

MarketClub’s Trade Triangles for AEDZAR

long term down The long-term trend has been DOWN since Jul 21st, 2020 at 4.4572891

intermediate term down The intermediate-term trend has been DOWN since Aug 25th, 2020 at 4.5606937

short term down 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).

-90
Smart Scan Analysis for AEDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.1356174 4.1763590 4.1256241 4.1548598 +0.0192420
Prev. Close Volume Bid Ask Time
4.1356174 2020-11-27 17:18:55
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