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Forex Trend Analysis Report

Prepared for you on Wednesday, April 1, 2020.

Canadian Dollar/Australian Dollar (FOREX:CADAUD)

Countertrend Up (+85) - CADAUD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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
1.158400 1.166605 1.146890 1.157375 -0.001025
Entry Signal

MarketClub’s Trade Triangles for CADAUD

long term up The long-term trend has been UP since Jan 31st, 2020 at 1.1293000

intermediate term up The intermediate-term trend has been UP since Mar 12th, 2020 at 1.1517200

short term up The short-term trend has been UP since Apr 1st, 2020 at 1.1627283

Smart Scan Analysis for CADAUD

Based on our trend formula, CADAUD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for CADAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.158400 1.166605 1.146890 1.157375 -0.001025
Prev. Close Volume Bid Ask Time
1.158400 1.157140 1.157610 2020-04-01 14:49:43
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