Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Australian Dollar/Canadian Dollar (FOREX:AUDCAD)
Bull Market Weakness (+75) - AUDCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AUDCAD as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for AUDCAD
The long-term trend has been DOWN since Apr 1st, 2021 at 0.9525000
The intermediate-term trend has been UP since Oct 19th, 2021 at 0.9215171
The short-term trend has been UP since Oct 19th, 2021 at 0.9202000
Smart Scan Analysis for AUDCAD
Based on our trend formula, AUDCAD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).