Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Australian Dollar/United Arab Emirates Dirham (FOREX:AUDAED)
Bear Market Rally (-75) - AUDAED is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AUDAED as it may be in the beginning 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.
MarketClub’s Trade Triangles for AUDAED
The long-term trend has been DOWN since May 2nd, 2022 at 2.5915467
The intermediate-term trend has been UP since Jul 25th, 2022 at 2.5538110
The short-term trend has been DOWN since Aug 16th, 2022 at 2.5724143
Smart Scan Analysis for AUDAED
Based on our trend formula, AUDAED is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).