Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
Australian Dollar/Canadian Dollar (FOREX:AUDCAD)
Sidelines Mode (+55) - AUDCAD 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 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.
MarketClub’s Trade Triangles for AUDCAD
The long-term trend has been UP since Dec 1st, 2022 at 0.9140000
The intermediate-term trend has been UP since Mar 17th, 2023 at 0.9310500
The short-term trend has been DOWN since Mar 21st, 2023 at 0.9152323
Smart Scan Analysis for AUDCAD
Based on our trend formula, AUDCAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).