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Forex Trend Analysis Report

Prepared for you on Monday, February 24, 2020.

New Zealand Dollar/United Arab Emirates Dirham (FOREX:NZDAED)

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

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

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

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NZDAED
Open High Low NZDAED Price Change
2.3185150 2.3350599 2.3180430 2.3319038 +0.0133890
Entry Signal

MarketClub’s Trade Triangles for NZDAED

long term down The long-term trend has been DOWN since Feb 20th, 2020 at 2.3228657

intermediate term down The intermediate-term trend has been DOWN since Jan 20th, 2020 at 2.4259254

short term down The short-term trend has been DOWN since Feb 17th, 2020 at 2.3606532

Smart Scan Analysis for NZDAED

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

-100
Smart Scan Analysis for NZDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3185150 2.3350599 2.3180430 2.3319038 +0.0133890
Prev. Close Volume Bid Ask Time
2.3185150 2.3304431 2.3333645 2020-02-24 23:02:37
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