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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/United Arab Emirates Dirham (FOREX:GBPAED)
Bear Market Rally (-75) - GBPAED is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPAED as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GBPAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPAED.
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 GBPAED
The long-term trend has been DOWN since Nov 14th, 2024 at 4.6544929
The intermediate-term trend has been DOWN since Oct 7th, 2024 at 4.8163859
The short-term trend has been UP since Nov 20th, 2024 at 4.6609013
Smart Scan Analysis for GBPAED
Based on our trend formula, GBPAED is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.6582328 | 4.6642793 | 4.6582328 | 4.6642793 | +0.0060460 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.6582328 | 2024-11-20 03:03:35 |