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Forex Trend Analysis Report

Prepared for you on Wednesday, August 12, 2020.

United Arab Emirates Dirham/Japanese Yen (FOREX:AEDJPY)

Sidelines Mode (-55) - AEDJPY 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 AEDJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for AEDJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_AEDJPY
Open High Low AEDJPY Price Change
29.068661 29.114880 29.068661 29.093236 +0.024575
Entry Signal

MarketClub’s Trade Triangles for AEDJPY

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 29.386061

intermediate term down The intermediate-term trend has been DOWN since Jun 11th, 2020 at 29.145511

short term up The short-term trend has been UP since Jul 31st, 2020 at 28.744531

Smart Scan Analysis for AEDJPY

Based on our trend formula, AEDJPY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for AEDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
29.068661 29.114880 29.068661 29.093236 +0.024575
Prev. Close Volume Bid Ask Time
29.068661 29.092048 29.094424 2020-08-12 15:08:24
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