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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.

Open High Low EURAED Price Change
4.4326 4.4680 4.4304 4.4680 +0.0354
Entry Signal

MarketClub’s Trade Triangles for EURAED

long term down The long-term trend has been DOWN since Mar 5th, 2021 at 4.3907

intermediate term up The intermediate-term trend has been UP since Apr 13th, 2021 at 4.3874

short term up 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).

Smart Scan Analysis for EURAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.4326 4.4680 4.4304 4.4680 +0.0354
Prev. Close Volume Bid Ask Time
4.4326 2021-05-07 15:22:48
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