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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

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

Sidelines Mode (-55) - AUDAED is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
2.5802525 2.5837056 2.5708452 2.5708452 -0.0094070
Entry Signal

MarketClub’s Trade Triangles for AUDAED

long term down The long-term trend has been DOWN since May 2nd, 2022 at 2.5915467

intermediate term up The intermediate-term trend has been UP since Jul 25th, 2022 at 2.5538110

short term down The short-term trend has been DOWN since Aug 16th, 2022 at 2.5724143

Smart Scan Analysis for AUDAED

Based on our trend formula, AUDAED is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for AUDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5802525 2.5837056 2.5708452 2.5708452 -0.0094070
Prev. Close Volume Bid Ask Time
2.5802525 2022-08-16 07:01:11
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