Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, July 16, 2020.
United Arab Emirates Dirham/Indian Rupee (FOREX:AEDINR)
Bear Market Rally (-75) - AEDINR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AEDINR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid AEDINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for AEDINR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for AEDINR
The long-term trend has been DOWN since Jul 2nd, 2020 at 20.421427
The intermediate-term trend has been DOWN since Jul 2nd, 2020 at 20.527198
The short-term trend has been UP since Jul 8th, 2020 at 20.456279
Smart Scan Analysis for AEDINR
Based on our trend formula, AEDINR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 20.488071 | 20.494530 | 20.485075 | 20.489766 | +0.001695 |
| Prev. Close | Volume | Bid | Ask | Time |
| 20.488071 | 20.487535 | 20.491997 | 2020-07-16 06:37:19 |