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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.

FOREX_EURAED
Open High Low EURAED Price Change
3.7308 3.7447 3.7197 3.7377 +0.0069
Entry Signal

MarketClub’s Trade Triangles for EURAED

long term down The long-term trend has been DOWN since Aug 6th, 2021 at 4.3185

intermediate term up The intermediate-term trend has been UP since Aug 1st, 2022 at 3.7719

short term down 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
Smart Scan Analysis for EURAED
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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