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Forex Trend Analysis Report

Prepared for you on Thursday, December 2, 2021.

Canadian Dollar/United Arab Emirates Dirham (FOREX:CADAED)

Sidelines Mode (-55) - CADAED is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_CADAED
Open High Low CADAED Price Change
2.8679513 2.8746626 2.8665861 2.8712919 +0.0033410
Entry Signal

MarketClub’s Trade Triangles for CADAED

long term up The long-term trend has been UP since Oct 20th, 2021 at 2.9858027

intermediate term down The intermediate-term trend has been DOWN since Nov 9th, 2021 at 2.9429511

short term up The short-term trend has been UP since Dec 1st, 2021 at 2.8876293

Smart Scan Analysis for CADAED

Based on our trend formula, CADAED is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for CADAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.8679513 2.8746626 2.8665861 2.8712919 +0.0033410
Prev. Close Volume Bid Ask Time
2.8679513 2021-12-02 06:19:36
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