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Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2024.
Australian Dollar/United Arab Emirates Dirham (FOREX:AUDAED)
Long-Term Downtrend (-90) - AUDAED is in a strong downtrend that is likely to continue. While AUDAED 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 AUDAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDAED.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for AUDAED
The long-term trend has been DOWN since Dec 3rd, 2024 at 2.3662539
The intermediate-term trend has been DOWN since Oct 9th, 2024 at 2.4666667
The short-term trend has been DOWN since Dec 2nd, 2024 at 2.3783690
Smart Scan Analysis for AUDAED
Based on our trend formula, AUDAED is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.3518810 | 2.3518810 | 2.3475868 | 2.3518810 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.3518810 | 2024-12-07 04:22:57 |