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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

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

Weak Downtrend (-65) - CADAED is showing signs of a strengthening downtrend. Monitor CADAED as it may be building momentum to the downside.

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
2.7044065 2.7156076 2.6973448 2.7112475 +0.0068410
Entry Signal

MarketClub’s Trade Triangles for CADAED

long term up The long-term trend has been UP since Dec 15th, 2023 at 2.7440987

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2024 at 2.6993644

short term down The short-term trend has been DOWN since Mar 28th, 2024 at 2.6991145

Smart Scan Analysis for CADAED

Based on our trend formula, CADAED is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CADAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.7044065 2.7156076 2.6973448 2.7112475 +0.0068410
Prev. Close Volume Bid Ask Time
2.7044065 2024-03-28 16:06:36
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