Forex Trend Analysis Report
Prepared for you on Saturday, October 24, 2020.
US Dollar/United Arab Emirates Dirham (FOREX:USDAED)
Crossroads (+60) - USDAED is struggling to move into a solid trend. Beware of choppy markets 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 UP since Jul 13th, 2020 at 3.67330
The intermediate-term trend has been DOWN since Jul 27th, 2020 at 3.67295
The short-term trend has been DOWN since Sep 29th, 2020 at 3.67295
Smart Scan Analysis for USDAED
Based on our trend formula, USDAED is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).