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Forex Trend Analysis Report
Prepared for you on Sunday, May 5, 2024.
US Dollar/United Arab Emirates Dirham (FOREX:USDAED)
Bull Market Weakness (+75) - USDAED is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDAED as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for USDAED
The long-term trend has been DOWN since Mar 18th, 2024 at 3.672055
The intermediate-term trend has been UP since Apr 26th, 2024 at 3.672950
The short-term trend has been UP since May 3rd, 2024 at 3.672900
Smart Scan Analysis for USDAED
Based on our trend formula, USDAED is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.67293 | 3.67293 | 3.67285 | 3.67285 | -0.00008 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.67293 | 2024-05-03 02:01:08 |