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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
New Zealand Dollar/United Arab Emirates Dirham (FOREX:NZDAED)
Countertrend Down (-85) - NZDAED is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for NZDAED
The long-term trend has been DOWN since Nov 13th, 2024 at 2.1701883
The intermediate-term trend has been DOWN since Oct 7th, 2024 at 2.2584557
The short-term trend has been UP since Nov 19th, 2024 at 2.1647682
Smart Scan Analysis for NZDAED
Based on our trend formula, NZDAED is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.1641370 | 2.1732068 | 2.1603948 | 2.1701890 | +0.0060520 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.1681441 | 2024-11-19 22:33:34 |