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Forex Trend Analysis Report

Prepared for you on Sunday, December 8, 2024.

Canadian Dollar/United Arab Emirates Dirham (FOREX:CADAED)

Long-Term Downtrend (-90) - CADAED is in a strong downtrend that is likely to continue. While CADAED is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_CADAED
Open High Low CADAED Price Change
2.5936519 2.5958239 2.5929652 2.5957597 +0.0021080
Entry Signal

MarketClub’s Trade Triangles for CADAED

long term down The long-term trend has been DOWN since Nov 1st, 2024 at 2.6336429

intermediate term down The intermediate-term trend has been DOWN since Nov 25th, 2024 at 2.6039027

short term down The short-term trend has been DOWN since Nov 25th, 2024 at 2.6174952

Smart Scan Analysis for CADAED

Based on our trend formula, CADAED is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CADAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5936519 2.5958239 2.5929652 2.5957597 +0.0021080
Prev. Close Volume Bid Ask Time
2.5936519 2024-12-08 18:51:34
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