Forex Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
Canadian Dollar/United Arab Emirates Dirham (FOREX:CADAED)
Countertrend Down (-85) - CADAED is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Sep 5th, 2023 at 2.6928705
The intermediate-term trend has been DOWN since Oct 2nd, 2023 at 2.6889711
The short-term trend has been UP since Sep 29th, 2023 at 2.7266788
Smart Scan Analysis for CADAED
Based on our trend formula, CADAED is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).