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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
Canadian Dollar/United Arab Emirates Dirham (FOREX:CADAED)
Sidelines Mode (-55) - CADAED is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Apr 19th, 2024 at 2.6725065
Smart Scan Analysis for CADAED
Based on our trend formula, CADAED is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.6820550 | 2.6877271 | 2.6750423 | 2.6850843 | +0.0030290 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.6820550 | 2024-04-25 13:19:40 |