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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
Canadian Dollar/US Dollar (FOREX:CADUSD)
Countertrend Down (-85) - CADUSD 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 CADUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADUSD.
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 CADUSD
The long-term trend has been DOWN since Apr 5th, 2024 at 0.73455
The intermediate-term trend has been DOWN since Mar 19th, 2024 at 0.73495
The short-term trend has been UP since Apr 19th, 2024 at 0.72775
Smart Scan Analysis for CADUSD
Based on our trend formula, CADUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.731895 | 0.732050 | 0.728650 | 0.728925 | -0.002970 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.731895 | 2024-04-24 10:53:22 |