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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 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.

FOREX_CADAED
Open High Low CADAED Price Change
2.6603355 2.6632221 2.6599429 2.6602414 -0.0000940
Entry Signal

MarketClub’s Trade Triangles for CADAED

long term down The long-term trend has been DOWN since Apr 5th, 2024 at 2.6973448

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2024 at 2.6993644

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 2.6966994

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).

-100
Smart Scan Analysis for CADAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6603355 2.6632221 2.6599429 2.6602414 -0.0000940
Prev. Close Volume Bid Ask Time
2.6603355 2024-04-16 02:34:57
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