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Forex Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

Australian Dollar/Canadian Dollar (FOREX:AUDCAD)

Weak Downtrend (-65) - AUDCAD is showing signs of a strengthening downtrend. Monitor AUDCAD as it may be building momentum to the downside.

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.

FOREX_AUDCAD
Open High Low AUDCAD Price Change
0.8904250 0.8942000 0.8898650 0.8910071 +0.0005820
Entry Signal

MarketClub’s Trade Triangles for AUDCAD

long term down The long-term trend has been DOWN since Feb 1st, 2024 at 0.8761149

intermediate term down The intermediate-term trend has been DOWN since Apr 18th, 2024 at 0.8800681

short term up The short-term trend has been UP since Apr 23rd, 2024 at 0.8854871

Smart Scan Analysis for AUDCAD

Based on our trend formula, AUDCAD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for AUDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8904250 0.8942000 0.8898650 0.8910071 +0.0005820
Prev. Close Volume Bid Ask Time
0.8904250 2024-04-25 09:57:42
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