Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Euro/United Arab Emirates Dirham (FOREX:EURAED)
Bear Market Rally (-75) - EURAED is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURAED as it may be in the beginning of a reversal.
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 Sep 20th, 2021 at 4.3073
The short-term trend has been UP since Oct 13th, 2021 at 4.2552
Smart Scan Analysis for EURAED
Based on our trend formula, EURAED is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).