Forex Trend Analysis Report
Prepared for you on Sunday, October 1, 2023.
Canadian Dollar/US Dollar (FOREX:CADUSD)
Crossroads (-60) - CADUSD 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 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.
MarketClub’s Trade Triangles for CADUSD
The long-term trend has been DOWN since Sep 5th, 2023 at 0.733160
The intermediate-term trend has been UP since Sep 18th, 2023 at 0.741300
The short-term trend has been UP since Sep 29th, 2023 at 0.742345
Smart Scan Analysis for CADUSD
Based on our trend formula, CADUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).