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Forex Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

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.

FOREX_CADAED
Open High Low CADAED Price Change
2.6975617 2.6976707 2.6942748 2.6960645 -0.0014970
Entry Signal

MarketClub’s Trade Triangles for CADAED

long term down The long-term trend has been DOWN since Apr 5th, 2024 at 2.6973448

intermediate term up The intermediate-term trend has been UP since May 15th, 2024 at 2.6986477

short term up The short-term trend has been UP since May 27th, 2024 at 2.6911438

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).

+70
Smart Scan Analysis for CADAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6975617 2.6976707 2.6942748 2.6960645 -0.0014970
Prev. Close Volume Bid Ask Time
2.6975617 2024-05-28 04:01:44
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