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.
MarketClub’s Trade Triangles for CADAED
The long term trend has been DOWN since Nov 9th, 2018 at 2.7782
The intermediate term trend has been UP since Jun 6th, 2019 at 2.7497
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).