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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.

FOREX_EURAED
Open High Low EURAED Price Change
3.8433 3.8530 3.8421 3.8447 +0.0014
Entry Signal

MarketClub’s Trade Triangles for EURAED

long term down The long-term trend has been DOWN since Sep 14th, 2023 at 3.9190

intermediate term down The intermediate-term trend has been DOWN since Aug 2nd, 2023 at 4.0252

short term down 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).

-90
Smart Scan Analysis for EURAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.8433 3.8530 3.8421 3.8447 +0.0014
Prev. Close Volume Bid Ask Time
3.8433 2023-10-03 19:38:20
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