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Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2020.

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

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.

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.

FOREX_CADAED
Open High Low CADAED Price Change
2.8073125 2.8174588 2.8068621 2.8160547 +0.0087420
Entry Signal

MarketClub’s Trade Triangles for CADAED

long term up The long term trend has been UP since Jun 26th, 2019 at 2.7977000

intermediate term up The intermediate term trend has been UP since Dec 16th, 2019 at 2.7930744

short term up The short term trend has been UP since Jan 22nd, 2020 at 2.8161396

Smart Scan Analysis for CADAED

Based on a pre-defined weighted trend formula for chart analysis, CADAED scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+80
Smart Scan Analysis for CADAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.8073125 2.8174588 2.8068621 2.8160547 +0.0087420
Prev. Close Volume Bid Ask Time
2.8073125 2.8157524 2.8163569 2020-01-22 08:41:38
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