Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
US Dollar/United Arab Emirates Dirham (FOREX:USDAED)
Long-Term Downtrend (-90) - USDAED is in a strong downtrend that is likely to continue. While USDAED 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 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 Nov 21st, 2023 at 3.672865
The intermediate-term trend has been DOWN since Nov 6th, 2023 at 3.672950
The short-term trend has been DOWN since Nov 28th, 2023 at 3.672600
Smart Scan Analysis for USDAED
Based on our trend formula, USDAED is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).