Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
Canadian Dollar/Australian Dollar (FOREX:CADAUD)
Crossroads (-60) - CADAUD 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 CADAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for CADAUD
The long-term trend has been UP since Feb 4th, 2024 at 1.1428765
The intermediate-term trend has been DOWN since Apr 8th, 2024 at 1.1162000
The short-term trend has been DOWN since Apr 23rd, 2024 at 1.1290000
Smart Scan Analysis for CADAUD
Based on our trend formula, CADAUD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.1225 | 1.1232 | 1.1182 | 1.1201 | -0.0024 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.1225 | 2024-04-26 08:04:07 |