Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2024.
Australian Dollar/Canadian Dollar (FOREX:AUDCAD)
Bear Market Rally (-75) - AUDCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AUDCAD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid AUDCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDCAD.
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 AUDCAD
The long-term trend has been DOWN since Feb 1st, 2024 at 0.8761149
The intermediate-term trend has been UP since Feb 20th, 2024 at 0.8879000
The short-term trend has been DOWN since Mar 12th, 2024 at 0.8905300
Smart Scan Analysis for AUDCAD
Based on our trend formula, AUDCAD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.8852950 | 0.8862288 | 0.8834000 | 0.8837550 | -0.0015400 |
Prev. Close | Volume | Bid | Ask | Time |
0.8852950 | 2024-03-19 05:19:56 |