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Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Canadian Dollar/Australian Dollar (FOREX:CADAUD)
Long-Term Downtrend (-90) - CADAUD is in a strong downtrend that is likely to continue. While CADAUD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.
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MarketClub’s Trade Triangles for CADAUD
The long-term trend has been DOWN since Dec 16th, 2020 at 1.0341
The intermediate-term trend has been DOWN since Feb 11th, 2021 at 1.0143
The short-term trend has been DOWN since Feb 18th, 2021 at 1.0136
Smart Scan Analysis for CADAUD
Based on our trend formula, CADAUD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.00352 | 1.00400 | 1.00050 | 1.00235 | -0.00117 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.00352 | 2021-02-25 06:35:20 |