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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

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.

FOREX_GBPAED
Open High Low GBPAED Price Change
4.5492829 4.5910727 4.5492829 4.5880017 +0.0387190
Entry Signal

MarketClub’s Trade Triangles for GBPAED

long term down The long-term trend has been DOWN since Mar 2nd, 2020 at 4.7078494

intermediate term up The intermediate-term trend has been UP since Jun 1st, 2020 at 4.5599883

short term up The short-term trend has been UP since May 26th, 2020 at 4.4852881

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).

+70
Smart Scan Analysis for GBPAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.5492829 4.5910727 4.5492829 4.5880017 +0.0387190
Prev. Close Volume Bid Ask Time
4.5492829 4.5867526 4.5892507 2020-06-01 18:00:13
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