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.
MarketClub’s Trade Triangles for USDAED
The long-term trend has been DOWN since Jan 29th, 2021 at 3.67270
The intermediate-term trend has been DOWN since Jan 29th, 2021 at 3.67290
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).