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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

Canadian Dollar/US Dollar (FOREX:CADUSD)

Countertrend Up (+85) - CADUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.808155 0.809665 0.806750 0.809450 +0.001295
Entry Signal

MarketClub’s Trade Triangles for CADUSD

long term up The long-term trend has been UP since Oct 20th, 2021 at 0.812900

intermediate term up The intermediate-term trend has been UP since Oct 4th, 2021 at 0.794005

short term down The short-term trend has been DOWN since Oct 22nd, 2021 at 0.807450

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).

+85
Smart Scan Analysis for CADUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.808155 0.809665 0.806750 0.809450 +0.001295
Prev. Close Volume Bid Ask Time
0.808155 2021-10-26 07:37:34
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