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Forex Trend Analysis Report

Prepared for you on Thursday, December 5, 2024.

Australian Dollar/United Arab Emirates Dirham (FOREX:AUDAED)

Strong Downtrend (-100) - AUDAED is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, AUDAED continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid AUDAED?

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

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

FOREX_AUDAED
Open High Low AUDAED Price Change
2.3627580 2.3694094 2.3627580 2.3649590 +0.0022010
Entry Signal

MarketClub’s Trade Triangles for AUDAED

long term down The long-term trend has been DOWN since Dec 3rd, 2024 at 2.3662539

intermediate term down The intermediate-term trend has been DOWN since Oct 9th, 2024 at 2.4666667

short term down The short-term trend has been DOWN since Dec 2nd, 2024 at 2.3783690

Smart Scan Analysis for AUDAED

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

-100
Smart Scan Analysis for AUDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3627580 2.3694094 2.3627580 2.3649590 +0.0022010
Prev. Close Volume Bid Ask Time
2.3627580 2024-12-05 05:15:10
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