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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

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

Long-Term Downtrend (-90) - NZDAED is in a strong downtrend that is likely to continue. While NZDAED is showing intraday strength, it remains in the confines of a bearish trend. 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
2.1756654 2.1756654 2.1726842 2.1737781 -0.0018870
Entry Signal

MarketClub’s Trade Triangles for NZDAED

long term down The long-term trend has been DOWN since Mar 19th, 2024 at 2.2194561

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2024 at 2.2310875

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 2.2062835

Smart Scan Analysis for NZDAED

Based on our trend formula, NZDAED is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for NZDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.1756654 2.1756654 2.1726842 2.1737781 -0.0018870
Prev. Close Volume Bid Ask Time
2.1756654 2024-04-18 01:44:21
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