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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

Canadian Dollar/Kuwaiti Dinar (FOREX:CADKWD)

Countertrend Down (-85) - CADKWD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid CADKWD?

MarketClub looks at technical strength and momentum to determine if the timing is right for CADKWD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CADKWD
Open High Low CADKWD Price Change
0.22303577 0.22313171 0.22284281 0.22292954 -0.00010600
Entry Signal

MarketClub’s Trade Triangles for CADKWD

long term down The long-term trend has been DOWN since Mar 5th, 2024 at 0.22617656

intermediate term down The intermediate-term trend has been DOWN since May 23rd, 2024 at 0.22348248

short term up The short-term trend has been UP since Jun 12th, 2024 at 0.22308450

Smart Scan Analysis for CADKWD

Based on our trend formula, CADKWD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for CADKWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22303577 0.22313171 0.22284281 0.22292954 -0.00010600
Prev. Close Volume Bid Ask Time
0.22303577 2024-06-13 07:21:02
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