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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

British Pound/United Arab Emirates Dirham (FOREX:GBPAED)

Crossroads (+60) - GBPAED is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
4.6941097 4.7021258 4.6811792 4.6837541 -0.0103560
Entry Signal

MarketClub’s Trade Triangles for GBPAED

long term down The long-term trend has been DOWN since Apr 11th, 2024 at 4.6040262

intermediate term up The intermediate-term trend has been UP since May 15th, 2024 at 4.6416273

short term up The short-term trend has been UP since Jun 12th, 2024 at 4.6806417

Smart Scan Analysis for GBPAED

Based on our trend formula, GBPAED is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for GBPAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.6941097 4.7021258 4.6811792 4.6837541 -0.0103560
Prev. Close Volume Bid Ask Time
4.6941097 2024-06-13 21:00:31
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