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Forex Trend Analysis Report
Prepared for you on Friday, September 20, 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 UP since Aug 22nd, 2024 at 0.736650
The intermediate-term trend has been DOWN since Sep 18th, 2024 at 0.734065
The short-term trend has been UP since Sep 19th, 2024 at 0.738450
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 |
|---|---|---|---|---|
| 0.737445 | 0.737735 | 0.737045 | 0.737545 | +0.000100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.737445 | 2024-09-20 02:58:38 |