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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
US Dollar/United Arab Emirates Dirham (FOREX:USDAED)
Sidelines Mode (-55) - USDAED 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 USDAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDAED.
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 USDAED
The long-term trend has been DOWN since Mar 18th, 2024 at 3.672055
The intermediate-term trend has been DOWN since Mar 18th, 2024 at 3.672280
The short-term trend has been UP since Apr 18th, 2024 at 3.672500
Smart Scan Analysis for USDAED
Based on our trend formula, USDAED is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.672700 | 3.672775 | 3.672700 | 3.672775 | +0.000075 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.672700 | 2024-04-19 02:36:09 |