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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for CADUSD
The long-term trend has been DOWN since Nov 1st, 2024 at 0.717035
The intermediate-term trend has been DOWN since Oct 8th, 2024 at 0.732745
The short-term trend has been UP since Nov 19th, 2024 at 0.714055
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.716475 | 0.716805 | 0.715950 | 0.716065 | -0.000410 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.716475 | 2024-11-20 03:42:21 |