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Forex Trend Analysis Report

Prepared for you on Friday, June 14, 2024.

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

Countertrend Up (+85) - AUDAED is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
2.4357062 2.4361584 2.4233097 2.4293981 -0.0063080
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 up The intermediate-term trend has been UP since May 3rd, 2024 at 2.4347731

short term up The short-term trend has been UP since Jun 12th, 2024 at 2.4506602

Smart Scan Analysis for AUDAED

Based on our trend formula, AUDAED is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for AUDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.4357062 2.4361584 2.4233097 2.4293981 -0.0063080
Prev. Close Volume Bid Ask Time
2.4357062 2024-06-14 12:03:43
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