Forex Trend Analysis Report
Prepared for you on Monday, May 25, 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 UP since May 3rd, 2020 at 0.9123000
The intermediate-term trend has been UP since Apr 9th, 2020 at 0.8807941
The short-term trend has been DOWN since May 25th, 2020 at 0.9128737
Smart Scan Analysis for AUDCAD
Based on our trend formula, AUDCAD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).