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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

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

Sidelines Mode (+55) - CADAED is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
2.8473202 2.8622639 2.8410373 2.8606030 +0.0132830
Entry Signal

MarketClub’s Trade Triangles for CADAED

long term down The long-term trend has been DOWN since May 2nd, 2022 at 2.8471766

intermediate term up The intermediate-term trend has been UP since Jul 25th, 2022 at 2.8641274

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 2.8635463

Smart Scan Analysis for CADAED

Based on our trend formula, CADAED is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CADAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.8473202 2.8622639 2.8410373 2.8606030 +0.0132830
Prev. Close Volume Bid Ask Time
2.8473202 2022-08-16 20:26:29
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