Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Jordanian Dinar/United Arab Emirates Dirham (FOREX:JODAED)
Sidelines Mode (-55) - JODAED 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 JODAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for JODAED.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JODAED
The long-term trend has been DOWN since May 26th, 2022 at 5.1667528
The intermediate-term trend has been DOWN since Aug 11th, 2022 at 5.1663454
The short-term trend has been UP since Aug 15th, 2022 at 5.1852611
Smart Scan Analysis for JODAED
Based on our trend formula, JODAED is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).