Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Canadian Dollar/United Arab Emirates Dirham (FOREX:CADAED)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CADAED
The long term trend has been UP since Jun 26th, 2019 at 2.7977000
The intermediate term trend has been UP since Dec 16th, 2019 at 2.7930744
The short term trend has been UP since Jan 22nd, 2020 at 2.8161396
Smart Scan Analysis for CADAED
Based on a pre-defined weighted trend formula for chart analysis, CADAED scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).