Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
Canadian Dollar/Australian Dollar (FOREX:CADAUD)
Weak Downtrend (-65) - CADAUD is showing signs of a strengthening downtrend. Monitor CADAUD as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for CADAUD
The long-term trend has been DOWN since Nov 1st, 2023 at 1.128115
The intermediate-term trend has been DOWN since Oct 1st, 2023 at 1.141500
The short-term trend has been UP since Nov 30th, 2023 at 1.114500
Smart Scan Analysis for CADAUD
Based on our trend formula, CADAUD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).