Forex Trend Analysis Report
Prepared for you on Friday, November 27, 2020.
United Arab Emirates Dirham/Australian Dollar (FOREX:AEDAUD)
Long-Term Downtrend (-90) - AEDAUD is in a strong downtrend that is likely to continue. While AEDAUD 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 AEDAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for AEDAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AEDAUD
The long-term trend has been DOWN since Jun 1st, 2020 at 0.40752878
The intermediate-term trend has been DOWN since Nov 5th, 2020 at 0.37766392
The short-term trend has been DOWN since Nov 24th, 2020 at 0.37177533
Smart Scan Analysis for AEDAUD
Based on our trend formula, AEDAUD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).