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Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2019.

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

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_CADAED
Open High Low CADAED Price Change
2.78485 2.78740 2.78030 2.78680 +0.00195
Entry Signal

MarketClub’s Trade Triangles for CADAED

long term down The long term trend has been DOWN since Nov 9th, 2018 at 2.7782

intermediate term up The intermediate term trend has been UP since Jun 6th, 2019 at 2.7497

short term up The short term trend has been UP since Jun 19th, 2019 at 2.7484

Smart Scan Analysis for CADAED

Based on a pre-defined weighted trend formula for chart analysis, CADAED scored +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
2.78485 2.78740 2.78030 2.78680 +0.00195
Prev. Close Volume Bid Ask Time
2.78485 2.78670 2.78690 2019-06-24 21:30:00
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