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Forex Trend Analysis Report
Prepared for you on Saturday, May 18, 2024.
Canadian Dollar/United Arab Emirates Dirham (FOREX:CADAED)
Crossroads (+60) - CADAED is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for CADAED
The long-term trend has been DOWN since Apr 5th, 2024 at 2.6973448
The intermediate-term trend has been UP since May 15th, 2024 at 2.6986477
The short-term trend has been UP since May 10th, 2024 at 2.6869601
Smart Scan Analysis for CADAED
Based on our trend formula, CADAED is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.6971912 | 2.6971912 | 2.6971912 | 2.6971912 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.6971912 | 2024-05-18 00:08:27 |