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.
MarketClub’s Trade Triangles for CADAED
The long term trend has been UP since Jul 19th, 2018 at 2.93180
The intermediate term trend has been UP since Jul 9th, 2018 at 2.80815
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).