Forex Trend Analysis Report
Prepared for you on Friday, August 14, 2020.
United Arab Emirates Dirham/Euro (FOREX:AEDEUR)
Long-Term Downtrend (-90) - AEDEUR is in a strong downtrend that is likely to continue. While AEDEUR 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 AEDEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for AEDEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AEDEUR
The long-term trend has been DOWN since Jul 14th, 2020 at 0.23860093
The intermediate-term trend has been DOWN since May 19th, 2020 at 0.24833625
The short-term trend has been DOWN since Aug 13th, 2020 at 0.23048387
Smart Scan Analysis for AEDEUR
Based on our trend formula, AEDEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).