Free Daily Analysis

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.

FOREX_AUDCAD
Open High Low AUDCAD Price Change
0.8852950 0.8862288 0.8834000 0.8837550 -0.0015400
Entry Signal

MarketClub’s Trade Triangles for AUDCAD

long term down The long-term trend has been DOWN since Feb 1st, 2024 at 0.8761149

intermediate term up The intermediate-term trend has been UP since Feb 20th, 2024 at 0.8879000

short term down 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).

-75
Smart Scan Analysis for AUDCAD
Strong Downtrend Sideways 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
Get a free daily analysis and signals for Australian Dollar/Canadian Dollar (AUDCAD) - Request Your Free Report.