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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Euro/United Arab Emirates Dirham (FOREX:EURAED)

Weak Downtrend (-65) - EURAED is showing signs of a strengthening downtrend. Monitor EURAED as it may be building momentum to the downside.

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
3.9738 3.9752 3.9571 3.9619 -0.0119
Entry Signal

MarketClub’s Trade Triangles for EURAED

long term up The long-term trend has been UP since Dec 22nd, 2023 at 4.0443

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 3.9739

short term down The short-term trend has been DOWN since Mar 27th, 2024 at 3.9802

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).

-70
Smart Scan Analysis for EURAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.9738 3.9752 3.9571 3.9619 -0.0119
Prev. Close Volume Bid Ask Time
3.9594 2024-03-28 17:07:58
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