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Forex Trend Analysis Report
Prepared for you on Monday, December 30, 2024.
Canadian Dollar/US Dollar (FOREX:CADUSD)
Sidelines Mode (+50) - CADUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CADUSD can gain 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.
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MarketClub’s Trade Triangles for CADUSD
The long-term trend has been DOWN since Nov 1st, 2024 at 0.7170350
The intermediate-term trend has been UP since Dec 20th, 2024 at 0.7179900
The short-term trend has been UP since Dec 30th, 2024 at 0.6963109
Smart Scan Analysis for CADUSD
Based on our trend formula, CADUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.6944700 | 0.6974279 | 0.6928800 | 0.6970000 | +0.0025300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.6944700 | 2024-12-30 23:41:38 |