Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Australian Dollar/United Arab Emirates Dirham (FOREX:AUDAED)
Bull Market Weakness (+75) - AUDAED is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AUDAED as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for AUDAED
The long-term trend has been DOWN since Aug 15th, 2023 at 2.3731170
The intermediate-term trend has been UP since Nov 3rd, 2023 at 2.3655522
The short-term trend has been UP since Nov 14th, 2023 at 2.3473825
Smart Scan Analysis for AUDAED
Based on our trend formula, AUDAED is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).