Forex Trend Analysis Report
Prepared for you on Thursday, March 4, 2021.
Euro/United Arab Emirates Dirham (FOREX:EURAED)
Sidelines Mode (+55) - EURAED is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Jul 14th, 2020 at 4.1944
The intermediate-term trend has been UP since Feb 22nd, 2021 at 4.4693
The short-term trend has been DOWN since Feb 26th, 2021 at 4.4531
Smart Scan Analysis for EURAED
Based on our trend formula, EURAED is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).