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Forex Trend Analysis Report

Prepared for you on Monday, May 17, 2021.

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
3.6731 3.6732 3.6731 3.6732 +0.0001
Entry Signal

MarketClub’s Trade Triangles for USDAED

long term down The long-term trend has been DOWN since Jan 29th, 2021 at 3.67270

intermediate term down The intermediate-term trend has been DOWN since Jan 29th, 2021 at 3.67290

short term up The short-term trend has been UP since May 2nd, 2021 at 3.67305

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
3.6731 3.6732 3.6731 3.6732 +0.0001
Prev. Close Volume Bid Ask Time
3.6731 2021-05-17 10:04:34
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