Forex Trend Analysis Report
Prepared for you on Tuesday, February 7, 2023.
Canadian Dollar/Australian Dollar (FOREX:CADAUD)
Bull Market Weakness (+75) - CADAUD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CADAUD as it may be in the beginning stages of a reversal.
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 29th, 2022 at 1.0977000
The intermediate-term trend has been UP since Feb 5th, 2023 at 1.0810176
The short-term trend has been UP since Feb 3rd, 2023 at 1.0671000
Smart Scan Analysis for CADAUD
Based on our trend formula, CADAUD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).