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Forex Trend Analysis Report

Prepared for you on Monday, July 22, 2024.

US Dollar/United Arab Emirates Dirham (FOREX:USDAED)

Sidelines Mode (-55) - USDAED 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 USDAED?

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

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

FOREX_USDAED
Open High Low USDAED Price Change
3.672985 3.673050 3.672950 3.673050 +0.000065
Entry Signal

MarketClub’s Trade Triangles for USDAED

long term down The long-term trend has been DOWN since Mar 18th, 2024 at 3.672055

intermediate term down The intermediate-term trend has been DOWN since Jul 8th, 2024 at 3.672905

short term up The short-term trend has been UP since Jul 22nd, 2024 at 3.673020

Smart Scan Analysis for USDAED

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

-55
Smart Scan Analysis for USDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.672985 3.673050 3.672950 3.673050 +0.000065
Prev. Close Volume Bid Ask Time
3.672985 2024-07-22 11:08:26
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