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Forex Trend Analysis Report
Prepared for you on Friday, May 10, 2024.
Canadian Dollar/US Dollar (FOREX:CADUSD)
Sidelines Mode (-55) - CADUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for CADUSD
The long-term trend has been DOWN since Apr 5th, 2024 at 0.73455
The intermediate-term trend has been DOWN since Mar 19th, 2024 at 0.73495
The short-term trend has been UP since May 10th, 2024 at 0.73155
Smart Scan Analysis for CADUSD
Based on our trend formula, CADUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.730565 | 0.733370 | 0.730450 | 0.732445 | +0.001880 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.730565 | 2024-05-10 08:56:03 |