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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Japanese Yen/United Arab Emirates Dirham (FOREX:JPYAED)

Long-Term Downtrend (-90) - JPYAED is in a strong downtrend that is likely to continue. While JPYAED is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid JPYAED?

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

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FOREX_JPYAED
Open High Low JPYAED Price Change
0.02426159 0.02427875 0.02424777 0.02427875 +0.00001700
Entry Signal

MarketClub’s Trade Triangles for JPYAED

long term down The long-term trend has been DOWN since Mar 20th, 2024 at 0.02435539

intermediate term down The intermediate-term trend has been DOWN since Mar 20th, 2024 at 0.02435539

short term down The short-term trend has been DOWN since Mar 12th, 2024 at 0.02484805

Smart Scan Analysis for JPYAED

Based on our trend formula, JPYAED is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for JPYAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02426159 0.02427875 0.02424777 0.02427875 +0.00001700
Prev. Close Volume Bid Ask Time
0.02426159 2024-03-28 10:07:09
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