Forex Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
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 5th, 2021 at 4.3907
The intermediate-term trend has been UP since Apr 13th, 2021 at 4.3874
The short-term trend has been UP since Apr 6th, 2021 at 4.3259
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).