Forex Trend Analysis Report
Prepared for you on Thursday, June 21, 2018.
Canadian Dollar/United Arab Emirates Dirham (FOREX:CADAED)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Mar 5th, 2018 at 2.83245
The intermediate term trend has been DOWN since May 1st, 2018 at 2.84715
The short term trend has been DOWN since Jun 14th, 2018 at 2.81500
Smart Scan Analysis for CADAED
Based on a pre-defined weighted trend formula for chart analysis, CADAED scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).