Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Euro/United Arab Emirates Dirham (FOREX:EURAED)
Weak Downtrend (-65) - EURAED is showing signs of a strengthening downtrend. Monitor EURAED as it may be building momentum to the downside.
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.
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MarketClub’s Trade Triangles for EURAED
The long-term trend has been DOWN since Aug 6th, 2021 at 4.3185
The intermediate-term trend has been UP since Aug 1st, 2022 at 3.7719
The short-term trend has been DOWN since Aug 15th, 2022 at 3.7480
Smart Scan Analysis for EURAED
Based on our trend formula, EURAED is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-65
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.7308 | 3.7447 | 3.7197 | 3.7377 | +0.0069 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.7308 | 2022-08-16 21:26:06 |
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