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Forex Trend Analysis Report

Prepared for you on Thursday, April 22, 2021.

Australian Dollar/Canadian Dollar (FOREX:AUDCAD)

Crossroads (+60) - AUDCAD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

FOREX_AUDCAD
Open High Low AUDCAD Price Change
0.9693820 0.9696394 0.9673876 0.9683600 -0.0010220
Entry Signal

MarketClub’s Trade Triangles for AUDCAD

long term down The long-term trend has been DOWN since Apr 1st, 2021 at 0.9525

intermediate term up The intermediate-term trend has been UP since Apr 15th, 2021 at 0.9714

short term up The short-term trend has been UP since Apr 13th, 2021 at 0.9606

Smart Scan Analysis for AUDCAD

Based on our trend formula, AUDCAD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for AUDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9693820 0.9696394 0.9673876 0.9683600 -0.0010220
Prev. Close Volume Bid Ask Time
0.9693820 2021-04-22 08:09:57
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