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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Euro/United Arab Emirates Dirham (FOREX:EURAED)
Crossroads (-60) - EURAED is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Nov 5th, 2024 at 3.9575
The intermediate-term trend has been UP since Nov 5th, 2024 at 4.0143
The short-term trend has been UP since Nov 19th, 2024 at 3.8930
Smart Scan Analysis for EURAED
Based on our trend formula, EURAED is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.8889 | 3.8962 | 3.8786 | 3.8918 | +0.0029 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.8890 | 2024-11-19 22:33:34 |