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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Canadian Dollar/Argentine Peso (FOREX:CADARS)
Countertrend Up (+85) - CADARS is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid CADARS?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADARS.
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 CADARS
The long-term trend has been UP since Oct 4th, 2021 at 78.28386
The intermediate-term trend has been UP since Apr 25th, 2024 at 639.35748
The short-term trend has been DOWN since May 8th, 2024 at 640.14207
Smart Scan Analysis for CADARS
Based on our trend formula, CADARS is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 642.49814 | 644.87631 | 641.84069 | 644.31767 | +1.81953 |
| Prev. Close | Volume | Bid | Ask | Time |
| 642.49814 | 2024-05-09 12:02:29 |