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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

US Dollar/United Arab Emirates Dirham (FOREX:USDAED)

Long-Term Downtrend (-90) - USDAED is in a strong downtrend that is likely to continue. While USDAED 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 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.

FOREX_USDAED
Open High Low USDAED Price Change
3.67301 3.67320 3.67295 3.67295 -0.00006
Entry Signal

MarketClub’s Trade Triangles for USDAED

long term down The long-term trend has been DOWN since Jan 29th, 2021 at 3.67270

intermediate term down The intermediate-term trend has been DOWN since Jan 29th, 2021 at 3.67290

short term down The short-term trend has been DOWN since Jan 29th, 2021 at 3.67295

Smart Scan Analysis for USDAED

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

-90
Smart Scan Analysis for USDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.67301 3.67320 3.67295 3.67295 -0.00006
Prev. Close Volume Bid Ask Time
3.67301 2021-03-08 16:16:30
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