Forex Trend Analysis Report
Prepared for you on Friday, November 27, 2020.
Euro/United Arab Emirates Dirham (FOREX:EURAED)
Strong Uptrend (+100) - EURAED is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, EURAED continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Jul 14th, 2020 at 4.1944
The intermediate-term trend has been UP since Nov 6th, 2020 at 4.3633
The short-term trend has been UP since Nov 20th, 2020 at 4.3670
Smart Scan Analysis for EURAED
Based on our trend formula, EURAED is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).