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.
MarketClub’s Trade Triangles for AUDCAD
The long-term trend has been UP since May 3rd, 2020 at 0.9123000
The intermediate-term trend has been UP since Apr 9th, 2020 at 0.8807941
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).