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Forex Trend Analysis Report

Prepared for you on Thursday, September 28, 2023.

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

Weak Downtrend (-65) - AUDAED is showing signs of a strengthening downtrend. Monitor AUDAED as it may be building momentum to the downside.

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
2.3381245 2.3604850 2.3381245 2.3592366 +0.0211120
Entry Signal

MarketClub’s Trade Triangles for AUDAED

long term down The long-term trend has been DOWN since Aug 15th, 2023 at 2.3731170

intermediate term down The intermediate-term trend has been DOWN since Aug 1st, 2023 at 2.4330903

short term down The short-term trend has been DOWN since Sep 20th, 2023 at 2.3612255

Smart Scan Analysis for AUDAED

Based on our trend formula, AUDAED is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for AUDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3381245 2.3604850 2.3381245 2.3592366 +0.0211120
Prev. Close Volume Bid Ask Time
2.3381245 2023-09-28 16:12:48
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