Forex Trend Analysis Report
Prepared for you on Wednesday, February 24, 2021.
Canadian Dollar/US Dollar (FOREX:CADUSD)
Strong Uptrend (+100) - CADUSD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CADUSD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Aug 4th, 2020 at 0.75097
The intermediate-term trend has been UP since Feb 15th, 2021 at 0.78995
The short-term trend has been UP since Feb 19th, 2021 at 0.79265
Smart Scan Analysis for CADUSD
Based on our trend formula, CADUSD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).