Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Canadian Dollar/US Dollar (FOREX:CADUSD)
Countertrend Up (+85) - CADUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Oct 20th, 2021 at 0.812900
The intermediate-term trend has been UP since Oct 4th, 2021 at 0.794005
The short-term trend has been DOWN since Oct 22nd, 2021 at 0.807450
Smart Scan Analysis for CADUSD
Based on our trend formula, CADUSD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).