Forex Trend Analysis Report
Prepared for you on Friday, January 28, 2022.
Euro/United Arab Emirates Dirham (FOREX:EURAED)
Strong Downtrend (-100) - EURAED is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURAED continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EURAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURAED.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURAED
The long-term trend has been DOWN since Aug 6th, 2021 at 4.3185
The intermediate-term trend has been DOWN since Jan 25th, 2022 at 4.1419
The short-term trend has been DOWN since Jan 18th, 2022 at 4.1847
Smart Scan Analysis for EURAED
Based on our trend formula, EURAED is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).