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Forex Trend Analysis Report

Prepared for you on Wednesday, October 24, 2018.

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

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

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
2.80735 2.80880 2.80645 2.80880 +0.00145
Entry Signal

MarketClub’s Trade Triangles for CADAED

long term up The long term trend has been UP since Jul 19th, 2018 at 2.9318

intermediate term down The intermediate term trend has been DOWN since Oct 18th, 2018 at 2.8081

short term down The short term trend has been DOWN since Oct 17th, 2018 at 2.8158

Smart Scan Analysis for CADAED

Based on a pre-defined weighted trend formula for chart analysis, CADAED scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for CADAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.80735 2.80880 2.80645 2.80880 +0.00145
Prev. Close Volume Bid Ask Time
2.80735 2.80830 2.80930 2018-10-24 00:40:32
Want to analyze Canadian Dollar/United Arab Emirates Dirham CADAED or another symbol? Try our Free Forex Trend Analysis Report.