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Forex Trend Analysis Report

Prepared for you on Wednesday, February 19, 2020.

Euro/United Arab Emirates Dirham (FOREX:EURAED)

Long-Term Downtrend (-90) - EURAED is in a strong downtrend that is likely to continue. While EURAED is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_EURAED
Open High Low EURAED Price Change
3.9657 3.9690 3.9648 3.9676 +0.0019
Entry Signal

MarketClub’s Trade Triangles for EURAED

long term down The long-term trend has been DOWN since Feb 7th, 2020 at 4.0353

intermediate term down The intermediate-term trend has been DOWN since Jan 20th, 2020 at 4.0724

short term down The short-term trend has been DOWN since Feb 5th, 2020 at 4.0471

Smart Scan Analysis for EURAED

Based on our trend formula, EURAED is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EURAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.9657 3.9690 3.9648 3.9676 +0.0019
Prev. Close Volume Bid Ask Time
3.9657 3.9651 3.9701 2020-02-19 04:35:58
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