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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

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

Sidelines Mode (+55) - NZDAED 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 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
2.3334272 2.3364100 2.3218521 2.3298081 -0.0036190
Entry Signal

MarketClub’s Trade Triangles for NZDAED

long term down The long-term trend has been DOWN since Apr 27th, 2022 at 2.3993951

intermediate term up The intermediate-term trend has been UP since Jul 28th, 2022 at 2.3048633

short term down The short-term trend has been DOWN since Aug 16th, 2022 at 2.3329902

Smart Scan Analysis for NZDAED

Based on our trend formula, NZDAED is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for NZDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3334272 2.3364100 2.3218521 2.3298081 -0.0036190
Prev. Close Volume Bid Ask Time
2.3334272 2022-08-16 15:31:52
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