Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
Euro/United Arab Emirates Dirham (FOREX:EURAED)
Long-Term Downtrend (-90) - EURAED is in a strong downtrend that is likely to continue. While EURAED is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.
MarketClub’s Trade Triangles for EURAED
The long-term trend has been DOWN since Sep 14th, 2023 at 3.9190
The intermediate-term trend has been DOWN since Aug 2nd, 2023 at 4.0252
The short-term trend has been DOWN since Oct 2nd, 2023 at 3.8539
Smart Scan Analysis for EURAED
Based on our trend formula, EURAED is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).