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Forex Trend Analysis Report

Prepared for you on Monday, April 15, 2024.

Canadian Dollar/US Dollar (FOREX:CADUSD)

Strong Downtrend (-100) - CADUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CADUSD continues to fall. Traders should use caution 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.

FOREX_CADUSD
Open High Low CADUSD Price Change
0.726865 0.728575 0.724850 0.724995 -0.001870
Entry Signal

MarketClub’s Trade Triangles for CADUSD

long term down The long-term trend has been DOWN since Apr 5th, 2024 at 0.7345500

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2024 at 0.7349500

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 0.7342953

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).

-100
Smart Scan Analysis for CADUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.726865 0.728575 0.724850 0.724995 -0.001870
Prev. Close Volume Bid Ask Time
0.726865 2024-04-15 20:54:55
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