Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
British Pound/United Arab Emirates Dirham (FOREX:GBPAED)
Sidelines Mode (-55) - GBPAED is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid
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 UP since Oct 17th, 2019 at 4.6649500
The intermediate-term trend has been DOWN since Feb 4th, 2020 at 4.7633140
The short-term trend has been UP since Feb 13th, 2020 at 4.7590174
Smart Scan Analysis for GBPAED
Based on our trend formula, GBPAED is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).