Forex Trend Analysis Report
Prepared for you on Monday, March 30, 2020.
Canadian Dollar/US Dollar (FOREX:CADUSD)
Countertrend Down (-85) - CADUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 Feb 10th, 2020 at 0.7500
The intermediate-term trend has been DOWN since Jan 22nd, 2020 at 0.7629
The short-term trend has been UP since Mar 25th, 2020 at 0.6975
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).