Forex Trend Analysis Report
Prepared for you on Sunday, December 3, 2023.
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.
MarketClub’s Trade Triangles for GBPAED
The long-term trend has been DOWN since Sep 20th, 2023 at 4.5432500
The intermediate-term trend has been UP since Nov 3rd, 2023 at 4.5287434
The short-term trend has been UP since Nov 14th, 2023 at 4.5012041
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).