Free Daily Analysis
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.
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MarketClub’s Trade Triangles for CADUSD
The long-term trend has been DOWN since May 2nd, 2022 at 0.77517
The intermediate-term trend has been UP since Jul 25th, 2022 at 0.77957
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
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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