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.
MarketClub’s Trade Triangles for USDAED
The long-term trend has been DOWN since Jan 29th, 2021 at 3.67270
The intermediate-term trend has been DOWN since Jan 29th, 2021 at 3.67290
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).