Forex Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
Canadian Dollar/United Arab Emirates Dirham (FOREX:CADAED)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 2.77820
The intermediate term trend has been UP since Jan 6th, 2019 at 2.74630
The short term trend has been UP since Feb 19th, 2019 at 2.77735
Smart Scan Analysis for CADAED
Based on a pre-defined weighted trend formula for chart analysis, CADAED scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).