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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

Euro/United Arab Emirates Dirham (FOREX:EURAED)

Countertrend Down (-85) - EURAED is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid EURAED?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURAED.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURAED
Open High Low EURAED Price Change
3.9169 3.9169 3.9112 3.9131 -0.0038
Entry Signal

MarketClub’s Trade Triangles for EURAED

long term down The long-term trend has been DOWN since Apr 11th, 2024 at 3.9313

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 3.9739

short term up The short-term trend has been UP since Apr 18th, 2024 at 3.9212

Smart Scan Analysis for EURAED

Based on our trend formula, EURAED is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for EURAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.9169 3.9169 3.9112 3.9131 -0.0038
Prev. Close Volume Bid Ask Time
3.9169 2024-04-22 05:40:14
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