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Forex Trend Analysis Report

Prepared for you on Wednesday, February 24, 2021.

Canadian Dollar/US Dollar (FOREX:CADUSD)

Strong Uptrend (+100) - CADUSD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CADUSD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
0.7949450 0.7996350 0.7938050 0.7988816 +0.0039370
Entry Signal

MarketClub’s Trade Triangles for CADUSD

long term up The long-term trend has been UP since Aug 4th, 2020 at 0.75097

intermediate term up The intermediate-term trend has been UP since Feb 15th, 2021 at 0.78995

short term up The short-term trend has been UP since Feb 19th, 2021 at 0.79265

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
0.7949450 0.7996350 0.7938050 0.7988816 +0.0039370
Prev. Close Volume Bid Ask Time
0.7949450 2021-02-24 18:20:55
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