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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

Australian Dollar/United Arab Emirates Dirham (FOREX:AUDAED)

Weak Downtrend (-65) - AUDAED is showing signs of a strengthening downtrend. Monitor AUDAED as it may be building momentum to the downside.

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.

FOREX_AUDAED
Open High Low AUDAED Price Change
2.4071917 2.4118359 2.4071917 2.4077652 +0.0005740
Entry Signal

MarketClub’s Trade Triangles for AUDAED

long term up The long-term trend has been UP since May 15th, 2024 at 2.4488172

intermediate term down The intermediate-term trend has been DOWN since Jul 22nd, 2024 at 2.4373416

short term down The short-term trend has been DOWN since Jul 15th, 2024 at 2.4778761

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).

-70
Smart Scan Analysis for AUDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.4071917 2.4118359 2.4071917 2.4077652 +0.0005740
Prev. Close Volume Bid Ask Time
2.4071917 2024-07-26 14:00:14
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