Forex Trend Analysis Report
Prepared for you on Thursday, March 23, 2023.
US Dollar/United Arab Emirates Dirham (FOREX:USDAED)
Crossroads (-60) - USDAED is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for USDAED
The long-term trend has been UP since Jan 3rd, 2023 at 3.67310
The intermediate-term trend has been DOWN since Feb 17th, 2023 at 3.67290
The short-term trend has been DOWN since Mar 17th, 2023 at 3.67265
Smart Scan Analysis for USDAED
Based on our trend formula, USDAED is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).