Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
United Arab Emirates Dirham/Canadian Dollar (FOREX:AEDCAD)
Strong Downtrend (-100) - AEDCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid AEDCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for AEDCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AEDCAD
The long-term trend has been DOWN since Jul 29th, 2020 at 0.36329703
The intermediate-term trend has been DOWN since Nov 5th, 2020 at 0.35637841
The short-term trend has been DOWN since Nov 16th, 2020 at 0.35604391
Smart Scan Analysis for AEDCAD
Based on our trend formula, AEDCAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).