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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.

Open High Low EURAED Price Change
4.2634 4.2680 4.2581 4.2615 -0.0019
Entry Signal

MarketClub’s Trade Triangles for EURAED

long term down The long-term trend has been DOWN since Aug 6th, 2021 at 4.3185

intermediate term down The intermediate-term trend has been DOWN since Sep 20th, 2021 at 4.3073

short term up 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).

Smart Scan Analysis for EURAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.2634 4.2680 4.2581 4.2615 -0.0019
Prev. Close Volume Bid Ask Time
4.2634 2021-10-15 17:19:11
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