Forex Trend Analysis Report
Prepared for you on Friday, November 27, 2020.
Canadian Dollar/United Arab Emirates Dirham (FOREX:CADAED)
Strong Uptrend (+100) - CADAED is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CADAED continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Aug 4th, 2020 at 2.7582426
The intermediate-term trend has been UP since Oct 9th, 2020 at 2.7977346
The short-term trend has been UP since Nov 18th, 2020 at 2.8120192
Smart Scan Analysis for CADAED
Based on our trend formula, CADAED is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).