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.
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 DOWN since Jun 11th, 2020 at 29.145511
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).