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Forex Trend Analysis Report

Prepared for you on Thursday, June 21, 2018.

Canadian Dollar/United Arab Emirates Dirham (FOREX:CADAED)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_CADAED
Open High Low CADAED Price Change
2.7594 2.7621 2.7551 2.7621 +0.0027
Entry Signal

MarketClub’s Trade Triangles for CADAED

long term down The long term trend has been DOWN since Mar 5th, 2018 at 2.83245

intermediate term down The intermediate term trend has been DOWN since May 1st, 2018 at 2.84715

short term down The short term trend has been DOWN since Jun 14th, 2018 at 2.81500

Smart Scan Analysis for CADAED

Based on a pre-defined weighted trend formula for chart analysis, CADAED scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for CADAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.7594 2.7621 2.7551 2.7621 +0.0027
Prev. Close Volume Bid Ask Time
2.7594 2.7620 2.7622 2018-06-21 10:20:24
Want to analyze Canadian Dollar/United Arab Emirates Dirham CADAED or another symbol? Try our Free Forex Trend Analysis Report.