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Forex Trend Analysis Report

Prepared for you on Sunday, July 14, 2024.

Australian Dollar/Canadian Dollar (FOREX:AUDCAD)

Long-Term Uptrend (+90) - AUDCAD is in a strong uptrend that is likely to continue. While AUDCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
0.923100 0.924930 0.922300 0.923435 +0.000335
Entry Signal

MarketClub’s Trade Triangles for AUDCAD

long term up The long-term trend has been UP since May 3rd, 2024 at 0.9009000

intermediate term up The intermediate-term trend has been UP since Jun 12th, 2024 at 0.9136342

short term up The short-term trend has been UP since Jun 26th, 2024 at 0.9133000

Smart Scan Analysis for AUDCAD

Based on our trend formula, AUDCAD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for AUDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.923100 0.924930 0.922300 0.923435 +0.000335
Prev. Close Volume Bid Ask Time
0.923100 2024-07-14 18:11:41
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