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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.
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MarketClub’s Trade Triangles for CADAED
The long-term trend has been DOWN since Nov 1st, 2024 at 2.6336429
The intermediate-term trend has been DOWN since Nov 25th, 2024 at 2.6039027
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).
| 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 |