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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

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

Bull Market Weakness (+75) - GBPAED is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPAED as it may be in the beginning stages of a reversal.

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
5.0245448 5.0526171 5.0245448 5.0486753 +0.0241310
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 Oct 15th, 2021 at 5.0478252

short term up The short-term trend has been UP since Oct 13th, 2021 at 5.0157794

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
5.0245448 5.0526171 5.0245448 5.0486753 +0.0241310
Prev. Close Volume Bid Ask Time
5.0245448 2021-10-15 17:19:11
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