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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.

FOREX_CADUSD
Open High Low CADUSD Price Change
0.7358081 0.7360789 0.7358081 0.7358081 0.0000000
Entry Signal

MarketClub’s Trade Triangles for CADUSD

long term down The long-term trend has been DOWN since Sep 5th, 2023 at 0.733160

intermediate term up The intermediate-term trend has been UP since Sep 18th, 2023 at 0.741300

short term up 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).

-60
Smart Scan Analysis for CADUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7358081 0.7360789 0.7358081 0.7358081 0.0000000
Prev. Close Volume Bid Ask Time
0.7358081 2023-10-01 11:08:55
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