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Forex Trend Analysis Report

Prepared for you on Monday, October 25, 2021.

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

Countertrend Up (+85) - CADAED is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.

FOREX_CADAED
Open High Low CADAED Price Change
2.9755400 2.9768044 2.9623776 2.9662052 -0.0093350
Entry Signal

MarketClub’s Trade Triangles for CADAED

long term up The long-term trend has been UP since Oct 20th, 2021 at 2.9858027

intermediate term up The intermediate-term trend has been UP since Oct 4th, 2021 at 2.9165112

short term down The short-term trend has been DOWN since Oct 22nd, 2021 at 2.9659656

Smart Scan Analysis for CADAED

Based on our trend formula, CADAED is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for CADAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.9755400 2.9768044 2.9623776 2.9662052 -0.0093350
Prev. Close Volume Bid Ask Time
2.9755400 2021-10-25 18:20:20
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