Forex Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
United Arab Emirates Dirham/Hong Kong Dollar (FOREX:AEDHKD)
Sidelines Mode (+55) - AEDHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid AEDHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for AEDHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AEDHKD
The long-term trend has been UP since Sep 3rd, 2020 at 2.1122863
The intermediate-term trend has been DOWN since Nov 29th, 2020 at 2.1100539
The short-term trend has been UP since Nov 30th, 2020 at 2.1104653
Smart Scan Analysis for AEDHKD
Based on our trend formula, AEDHKD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).