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.
MarketClub’s Trade Triangles for CADAED
The long-term trend has been DOWN since Feb 10th, 2020 at 2.7560126
The intermediate-term trend has been UP since Apr 13th, 2020 at 2.6381776
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).