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Forex Trend Analysis Report

Prepared for you on Monday, October 7, 2024.

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

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

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
4.8000157 4.8024960 4.8000157 4.8024960 +0.0024800
Entry Signal

MarketClub’s Trade Triangles for GBPAED

long term up The long-term trend has been UP since Jul 11th, 2024 at 4.7221419

intermediate term down The intermediate-term trend has been DOWN since Oct 7th, 2024 at 4.8163859

short term down The short-term trend has been DOWN since Oct 1st, 2024 at 4.9111683

Smart Scan Analysis for GBPAED

Based on our trend formula, GBPAED is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.8000157 4.8024960 4.8000157 4.8024960 +0.0024800
Prev. Close Volume Bid Ask Time
4.8000157 2024-10-07 07:26:57
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