Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
United Arab Emirates Dirham/Japanese Yen (FOREX:AEDJPY)
Crossroads (+60) - AEDJPY is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for AEDJPY
The long-term trend has been DOWN since Feb 28th, 2020 at 29.386061
The intermediate-term trend has been UP since Mar 22nd, 2020 at 30.180635
The short-term trend has been UP since Apr 3rd, 2020 at 29.529951
Smart Scan Analysis for AEDJPY
Based on our trend formula, AEDJPY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).