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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Japanese Yen/United Arab Emirates Dirham (FOREX:JPYAED)

Strong Downtrend (-100) - JPYAED is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, JPYAED continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid JPYAED?

MarketClub looks at technical strength and momentum to determine if the timing is right for JPYAED.

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FOREX_JPYAED
Open High Low JPYAED Price Change
0.02371817 0.02371909 0.02371610 0.02371622 -0.00000200
Entry Signal

MarketClub’s Trade Triangles for JPYAED

long term down The long-term trend has been DOWN since Mar 20th, 2024 at 0.02435539

intermediate term down The intermediate-term trend has been DOWN since Mar 20th, 2024 at 0.02435539

short term down The short-term trend has been DOWN since Apr 8th, 2024 at 0.02420233

Smart Scan Analysis for JPYAED

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

-100
Smart Scan Analysis for JPYAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02371817 0.02371909 0.02371610 0.02371622 -0.00000200
Prev. Close Volume Bid Ask Time
0.02371817 2024-04-24 01:30:41
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