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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Canadian Dollar/United Arab Emirates Dirham (FOREX:CADAED)
Strong Downtrend (-100) - CADAED is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CADAED continues to fall. 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 14th, 2024 at 2.6193618
The short-term trend has been DOWN since Nov 11th, 2024 at 2.6368499
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.6315884 | 2.6328119 | 2.6294664 | 2.6297299 | -0.0018580 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.6315884 | 2024-11-20 03:40:15 |