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Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Canadian Dollar/United Arab Emirates Dirham (FOREX:CADAED)
Countertrend Up (+85) - CADAED is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Oct 20th, 2021 at 2.9858027
The intermediate-term trend has been UP since Oct 4th, 2021 at 2.9165112
The short-term trend has been DOWN since Oct 22nd, 2021 at 2.9659656
Smart Scan Analysis for CADAED
Based on our trend formula, CADAED is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.9755400 | 2.9768044 | 2.9623776 | 2.9662052 | -0.0093350 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.9755400 | 2021-10-25 18:20:20 |