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Forex Trend Analysis Report

Prepared for you on Wednesday, March 3, 2021.

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

Long-Term Uptrend (+90) - CADAED is in a strong uptrend that is likely to continue. While CADAED is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.

FOREX_CADAED
Open High Low CADAED Price Change
2.9080631 2.9170950 2.9017352 2.9076832 -0.0003800
Entry Signal

MarketClub’s Trade Triangles for CADAED

long term up The long-term trend has been UP since Aug 4th, 2020 at 2.7582426

intermediate term up The intermediate-term trend has been UP since Feb 15th, 2021 at 2.9013943

short term up The short-term trend has been UP since Mar 3rd, 2021 at 2.9151952

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).

+90
Smart Scan Analysis for CADAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.9080631 2.9170950 2.9017352 2.9076832 -0.0003800
Prev. Close Volume Bid Ask Time
2.9080631 2021-03-03 15:20:19
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