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Forex Trend Analysis Report

Prepared for you on Sunday, December 10, 2023.

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.

FOREX_GBPAED
Open High Low GBPAED Price Change
4.6232383 4.6232383 4.6081275 4.6081275 -0.0151110
Entry Signal

MarketClub’s Trade Triangles for GBPAED

long term down The long-term trend has been DOWN since Sep 20th, 2023 at 4.5432500

intermediate term up The intermediate-term trend has been UP since Nov 3rd, 2023 at 4.5287434

short term down The short-term trend has been DOWN since Dec 5th, 2023 at 4.6378557

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).

-75
Smart Scan Analysis for GBPAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.6232383 4.6232383 4.6081275 4.6081275 -0.0151110
Prev. Close Volume Bid Ask Time
4.6081275 2023-12-08 20:32:21
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