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Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

Canadian Dollar/US Dollar (FOREX:CADUSD)

Weak Downtrend (-65) - CADUSD is showing signs of a strengthening downtrend. Monitor CADUSD as it may be building momentum to the downside.

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

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

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

FOREX_CADUSD
Open High Low CADUSD Price Change
0.781820 0.782050 0.773150 0.775275 -0.006545
Entry Signal

MarketClub’s Trade Triangles for CADUSD

long term down The long-term trend has been DOWN since May 2nd, 2022 at 0.77517

intermediate term up The intermediate-term trend has been UP since Jul 25th, 2022 at 0.77957

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 0.77935

Smart Scan Analysis for CADUSD

Based on our trend formula, CADUSD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for CADUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.781820 0.782050 0.773150 0.775275 -0.006545
Prev. Close Volume Bid Ask Time
0.781820 2022-08-15 17:49:11
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