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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

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

Weak Downtrend (-65) - NZDAED is showing signs of a strengthening downtrend. Monitor NZDAED as it may be building momentum to the downside.

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
2.1634655 2.1682048 2.1634655 2.1635450 +0.0000800
Entry Signal

MarketClub’s Trade Triangles for NZDAED

long term up The long-term trend has been UP since Jun 12th, 2024 at 2.2833088

intermediate term down The intermediate-term trend has been DOWN since Jun 26th, 2024 at 2.2396128

short term down The short-term trend has been DOWN since Jul 9th, 2024 at 2.2457321

Smart Scan Analysis for NZDAED

Based on our trend formula, NZDAED is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for NZDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.1634655 2.1682048 2.1634655 2.1635450 +0.0000800
Prev. Close Volume Bid Ask Time
2.1634655 2024-07-26 14:00:14
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