Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
British Pound/United Arab Emirates Dirham (FOREX:GBPAED)
Bull Market Weakness (+75) - GBPAED is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPAED as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for GBPAED
The long-term trend has been DOWN since Mar 7th, 2023 at 4.3499609
The intermediate-term trend has been UP since Mar 13th, 2023 at 4.4582817
The short-term trend has been UP since Mar 13th, 2023 at 4.4256745
Smart Scan Analysis for GBPAED
Based on our trend formula, GBPAED is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).