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.
MarketClub’s Trade Triangles for AUDAED
The long-term trend has been DOWN since Aug 15th, 2023 at 2.3731170
The intermediate-term trend has been DOWN since Aug 1st, 2023 at 2.4330903
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).