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Forex Trend Analysis Report

Prepared for you on Monday, July 22, 2024.

Euro/United Arab Emirates Dirham (FOREX:EURAED)

Countertrend Up (+85) - EURAED is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
3.9973 4.0008 3.9973 4.0003 +0.0030
Entry Signal

MarketClub’s Trade Triangles for EURAED

long term up The long-term trend has been UP since Jul 15th, 2024 at 4.0087

intermediate term up The intermediate-term trend has been UP since Jul 8th, 2024 at 3.9802

short term down The short-term trend has been DOWN since Jul 19th, 2024 at 3.9963

Smart Scan Analysis for EURAED

Based on our trend formula, EURAED is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for EURAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.9973 4.0008 3.9973 4.0003 +0.0030
Prev. Close Volume Bid Ask Time
3.9973 2024-07-22 06:34:59
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