Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, June 1, 2020.

Australian Dollar/Canadian Dollar (FOREX:AUDCAD)

Strong Uptrend (+100) - AUDCAD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, AUDCAD 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 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
0.9226864 0.9262468 0.9219007 0.9227100 +0.0000240
Entry Signal

MarketClub’s Trade Triangles for AUDCAD

long term up The long-term trend has been UP since May 3rd, 2020 at 0.9123000

intermediate term up The intermediate-term trend has been UP since Apr 9th, 2020 at 0.8807941

short term up The short-term trend has been UP since May 31st, 2020 at 0.9191000

Smart Scan Analysis for AUDCAD

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

+100
Smart Scan Analysis for AUDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9226864 0.9262468 0.9219007 0.9227100 +0.0000240
Prev. Close Volume Bid Ask Time
0.9226864 0.9226300 0.9227900 2020-06-01 17:00:58
Get a free daily analysis and signals for Australian Dollar/Canadian Dollar (AUDCAD) - Request Your Free Report.