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Forex Trend Analysis Report

Prepared for you on Sunday, July 21, 2024.

Canadian Dollar/Australian Dollar (FOREX:CADAUD)

Countertrend Down (-85) - CADAUD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid CADAUD?

MarketClub looks at technical strength and momentum to determine if the timing is right for CADAUD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CADAUD
Open High Low CADAUD Price Change
1.0905441 1.0905441 1.0887372 1.0887372 -0.0018070
Entry Signal

MarketClub’s Trade Triangles for CADAUD

long term down The long-term trend has been DOWN since May 3rd, 2024 at 1.1098

intermediate term down The intermediate-term trend has been DOWN since Apr 8th, 2024 at 1.1162

short term up The short-term trend has been UP since Jul 16th, 2024 at 1.0857

Smart Scan Analysis for CADAUD

Based on our trend formula, CADAUD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for CADAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0905441 1.0905441 1.0887372 1.0887372 -0.0018070
Prev. Close Volume Bid Ask Time
1.0905441 2024-07-21 01:07:39
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