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Forex Trend Analysis Report
Prepared for you on Tuesday, December 3, 2024.
Canadian Dollar/Australian Dollar (FOREX:CADAUD)
Crossroads (-60) - CADAUD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for CADAUD
The long-term trend has been DOWN since Sep 19th, 2024 at 1.079100
The intermediate-term trend has been UP since Oct 28th, 2024 at 1.092225
The short-term trend has been UP since Dec 2nd, 2024 at 1.100600
Smart Scan Analysis for CADAUD
Based on our trend formula, CADAUD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.10017 | 1.10090 | 1.09630 | 1.09699 | -0.00318 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.10017 | 2024-12-03 12:19:15 |