Forex Trend Analysis Report
Prepared for you on Tuesday, April 20, 2021.
Canadian Dollar/United Arab Emirates Dirham (FOREX:CADAED)
Bull Market Weakness (+75) - CADAED is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CADAED as it may be in the beginning stages of a reversal.
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 UP since Aug 4th, 2020 at 2.7582426
The intermediate-term trend has been UP since Feb 15th, 2021 at 2.9013943
The short-term trend has been UP since Apr 14th, 2021 at 2.9324180
Smart Scan Analysis for CADAED
Based on our trend formula, CADAED is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).