Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Australian Dollar/Canadian Dollar (FOREX:AUDCAD)
Crossroads (-60) - AUDCAD is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for AUDCAD
The long-term trend has been UP since Dec 16th, 2020 at 0.96690
The intermediate-term trend has been DOWN since Mar 4th, 2021 at 0.97722
The short-term trend has been DOWN since Mar 4th, 2021 at 0.98020
Smart Scan Analysis for AUDCAD
Based on our trend formula, AUDCAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).