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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Canadian Dollar/United Arab Emirates Dirham (FOREX:CADAED)
Strong Downtrend (-100) - CADAED is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CADAED continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CADAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADAED.
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 CADAED
The long-term trend has been DOWN since Apr 5th, 2024 at 2.6973448
The intermediate-term trend has been DOWN since Mar 19th, 2024 at 2.6993644
The short-term trend has been DOWN since May 7th, 2024 at 2.6810468
Smart Scan Analysis for CADAED
Based on our trend formula, CADAED is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.6762554 | 2.6768211 | 2.6748426 | 2.6753199 | -0.0009360 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.6762554 | 2024-05-09 02:07:27 |