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Forex Trend Analysis Report

Prepared for you on Thursday, August 16, 2018.

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

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

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
2.79765 2.80085 2.78810 2.79170 -0.00595
Entry Signal

MarketClub’s Trade Triangles for CADAED

long term up The long term trend has been UP since Jul 19th, 2018 at 2.93180

intermediate term up The intermediate term trend has been UP since Jul 9th, 2018 at 2.80815

short term down The short term trend has been DOWN since Aug 7th, 2018 at 2.81720

Smart Scan Analysis for CADAED

Based on a pre-defined weighted trend formula for chart analysis, CADAED scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for CADAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.79765 2.80085 2.78810 2.79170 -0.00595
Prev. Close Volume Bid Ask Time
2.79765 2.79120 2.79220 2018-08-16 19:30:22
Want to analyze Canadian Dollar/United Arab Emirates Dirham CADAED or another symbol? Try our Free Forex Trend Analysis Report.