Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
United Arab Emirates Dirham/Canadian Dollar (FOREX:AEDCAD)
Crossroads (-60) - AEDCAD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid AEDCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for AEDCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AEDCAD
The long-term trend has been UP since Jul 19th, 2021 at 0.34396738
The intermediate-term trend has been DOWN since Oct 4th, 2021 at 0.34306668
The short-term trend has been DOWN since Oct 4th, 2021 at 0.34463865
Smart Scan Analysis for AEDCAD
Based on our trend formula, AEDCAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).