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.
MarketClub’s Trade Triangles for CADAED
The long-term trend has been UP since Aug 4th, 2020 at 2.7582426
The intermediate-term trend has been UP since Feb 15th, 2021 at 2.9013943
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).