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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

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

Bull Market Weakness (+75) - AUDAED is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AUDAED as it may be in the beginning stages of a reversal.

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
2.4425461 2.4489884 2.4352327 2.4373303 -0.0052160
Entry Signal

MarketClub’s Trade Triangles for AUDAED

long term up The long-term trend has been UP since May 15th, 2024 at 2.4488172

intermediate term up The intermediate-term trend has been UP since May 3rd, 2024 at 2.4347731

short term up The short-term trend has been UP since Jun 12th, 2024 at 2.4506602

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
2.4425461 2.4489884 2.4352327 2.4373303 -0.0052160
Prev. Close Volume Bid Ask Time
2.4425461 2024-06-13 13:20:46
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