Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
Australian Dollar/Canadian Dollar (FOREX:AUDCAD)
Bull Market Weakness (+75) - AUDCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AUDCAD as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for AUDCAD
The long-term trend has been DOWN since Oct 15th, 2020 at 0.9347149
The intermediate-term trend has been UP since Nov 5th, 2020 at 0.9497198
The short-term trend has been UP since Nov 24th, 2020 at 0.9576000
Smart Scan Analysis for AUDCAD
Based on our trend formula, AUDCAD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).