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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.

FOREX_CADAUD
Open High Low CADAUD Price Change
1.1164159 1.1192202 1.1164159 1.1164159 0.0000000
Entry Signal

MarketClub’s Trade Triangles for CADAUD

long term down The long-term trend has been DOWN since Nov 1st, 2023 at 1.128115

intermediate term down The intermediate-term trend has been DOWN since Oct 1st, 2023 at 1.141500

short term up 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).

-65
Smart Scan Analysis for CADAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1164159 1.1192202 1.1164159 1.1164159 0.0000000
Prev. Close Volume Bid Ask Time
1.1164159 2023-12-10 03:31:41
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