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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

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

Sidelines Mode (-55) - CADAED is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
2.6253083 2.6264346 2.6241079 2.6249518 -0.0003570
Entry Signal

MarketClub’s Trade Triangles for CADAED

long term down The long-term trend has been DOWN since Feb 10th, 2020 at 2.7560126

intermediate term up The intermediate-term trend has been UP since Apr 13th, 2020 at 2.6381776

short term down The short-term trend has been DOWN since May 22nd, 2020 at 2.6228713

Smart Scan Analysis for CADAED

Based on our trend formula, CADAED is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for CADAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6253083 2.6264346 2.6241079 2.6249518 -0.0003570
Prev. Close Volume Bid Ask Time
2.6253083 2.6248955 2.6250080 2020-05-25 03:07:39
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