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Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
Euro/United Arab Emirates Dirham (FOREX:EURAED)
Sidelines Mode (-55) - EURAED is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for EURAED
The long-term trend has been DOWN since Nov 5th, 2024 at 3.9575
The intermediate-term trend has been UP since Jan 24th, 2025 at 3.8386
The short-term trend has been DOWN since Jan 28th, 2025 at 3.8330
Smart Scan Analysis for EURAED
Based on our trend formula, EURAED is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.7785 | 3.8133 | 3.7785 | 3.8133 | +0.0348 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.8115 | 2025-02-04 22:56:49 |