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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Australian Dollar/Canadian Dollar (FOREX:AUDCAD)
Sidelines Mode (-55) - AUDCAD 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 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 DOWN since Dec 4th, 2024 at 0.9018000
The intermediate-term trend has been DOWN since Oct 27th, 2024 at 0.9155283
The short-term trend has been UP since Jan 15th, 2025 at 0.8914546
Smart Scan Analysis for AUDCAD
Based on our trend formula, AUDCAD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.8976911 | 0.8990576 | 0.8963500 | 0.8974800 | -0.0002110 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.8976911 | 2025-01-20 09:39:42 |