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Forex Trend Analysis Report

Prepared for you on Sunday, February 25, 2024.

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.

FOREX_AUDCAD
Open High Low AUDCAD Price Change
0.8842 0.8842 0.8842 0.8842 0.0000
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 up The intermediate-term trend has been UP since Feb 20th, 2024 at 0.8879000

short term up The short-term trend has been UP since Feb 14th, 2024 at 0.8794000

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).

+60
Smart Scan Analysis for AUDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8842 0.8842 0.8842 0.8842 0.0000
Prev. Close Volume Bid Ask Time
0.8842 2024-02-25 02:20:44
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