Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
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.
MarketClub’s Trade Triangles for CADAED
The long-term trend has been DOWN since May 2nd, 2022 at 2.8471766
The intermediate-term trend has been UP since Jul 25th, 2022 at 2.8641274
The short-term trend has been DOWN since Aug 15th, 2022 at 2.8635463
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).