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.
MarketClub’s Trade Triangles for CADAED
The long term trend has been UP since Jul 19th, 2018 at 2.9318
The intermediate term trend has been DOWN since Oct 18th, 2018 at 2.8081
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).