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Forex Trend Analysis Report

Prepared for you on Sunday, January 23, 2022.

British Pound/United Arab Emirates Dirham (FOREX:GBPAED)

Sidelines Mode (-55) - GBPAED 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 GBPAED?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPAED.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPAED
Open High Low GBPAED Price Change
4.9916692 4.9916692 4.9916692 4.9916692 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPAED

long term down The long-term trend has been DOWN since Jul 19th, 2021 at 5.0249814

intermediate term up The intermediate-term trend has been UP since Dec 23rd, 2021 at 4.9063308

short term down The short-term trend has been DOWN since Jan 18th, 2022 at 5.0129312

Smart Scan Analysis for GBPAED

Based on our trend formula, GBPAED is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for GBPAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.9916692 4.9916692 4.9916692 4.9916692 0.0000000
Prev. Close Volume Bid Ask Time
4.9916692 2022-01-21 02:38:39
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