Forex Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
Japanese Yen/United Arab Emirates Dirham (FOREX:JPYAED)
Sidelines Mode (-55) - JPYAED 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 JPYAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYAED.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYAED
The long-term trend has been DOWN since Feb 4th, 2021 at 0.03484018
The intermediate-term trend has been UP since Dec 3rd, 2021 at 0.03254911
The short-term trend has been DOWN since Dec 6th, 2021 at 0.03244817
Smart Scan Analysis for JPYAED
Based on our trend formula, JPYAED is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).