Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Euro/United Arab Emirates Dirham (FOREX:EURAED)
Bull Market Weakness (+75) - EURAED is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURAED as it may be in the beginning stages 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 Mar 19th, 2020 at 3.9615
The intermediate-term trend has been UP since May 19th, 2020 at 4.0268
The short-term trend has been UP since May 27th, 2020 at 4.0377
Smart Scan Analysis for EURAED
Based on our trend formula, EURAED is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).