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.
MarketClub’s Trade Triangles for GBPAED
The long-term trend has been DOWN since Sep 20th, 2023 at 4.5432500
The intermediate-term trend has been UP since Nov 3rd, 2023 at 4.5287434
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).