Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Japanese Yen/United Arab Emirates Dirham (FOREX:JPYAED)
Bull Market Weakness (+75) - JPYAED is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on JPYAED as it may be in the beginning stages of a reversal.
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 May 18th, 2023 at 0.02664186
The intermediate-term trend has been UP since Nov 20th, 2023 at 0.02463100
The short-term trend has been UP since Nov 27th, 2023 at 0.02465387
Smart Scan Analysis for JPYAED
Based on our trend formula, JPYAED is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).