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Forex Trend Analysis Report

Prepared for you on Tuesday, December 7, 2021.

Canadian Dollar/Australian Dollar (FOREX:CADAUD)

Long-Term Uptrend (+90) - CADAUD is in a strong uptrend that is likely to continue. While CADAUD 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 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
1.11034 1.11260 1.10730 1.10878 -0.00156
Entry Signal

MarketClub’s Trade Triangles for CADAUD

long term up The long-term trend has been UP since May 6th, 2021 at 1.05750

intermediate term up The intermediate-term trend has been UP since Nov 10th, 2021 at 1.09300

short term up The short-term trend has been UP since Dec 2nd, 2021 at 1.10221

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).

+90
Smart Scan Analysis for CADAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.11034 1.11260 1.10730 1.10878 -0.00156
Prev. Close Volume Bid Ask Time
1.11034 2021-12-07 23:47:40
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