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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Australian Dollar/Canadian Dollar (FOREX:AUDCAD)
Long-Term Uptrend (+90) - AUDCAD is in a strong uptrend that is likely to continue. While AUDCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid AUDCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDCAD.
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 AUDCAD
The long-term trend has been UP since May 3rd, 2024 at 0.9009
The intermediate-term trend has been UP since May 3rd, 2024 at 0.9009
The short-term trend has been UP since May 2nd, 2024 at 0.8980
Smart Scan Analysis for AUDCAD
Based on our trend formula, AUDCAD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9032850 | 0.9038963 | 0.9018922 | 0.9022848 | -0.0010000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9032850 | 2024-05-09 03:13:49 |