Forex Trend Analysis Report
Prepared for you on Thursday, December 7, 2023.
Kuwaiti Dinar/United Arab Emirates Dirham (FOREX:KWDAED)
Sidelines Mode (-55) - KWDAED 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 KWDAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for KWDAED.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KWDAED
The long-term trend has been DOWN since Mar 8th, 2023 at 11.942116
The intermediate-term trend has been DOWN since Dec 1st, 2023 at 11.883376
The short-term trend has been UP since Dec 6th, 2023 at 11.904436
Smart Scan Analysis for KWDAED
Based on our trend formula, KWDAED is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).