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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

Australian Dollar/Canadian Dollar (FOREX:AUDCAD)

Weak Downtrend (-65) - AUDCAD is showing signs of a strengthening downtrend. Monitor AUDCAD as it may be building momentum to the downside.

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
0.8943650 0.8991810 0.8922108 0.8952043 +0.0008390
Entry Signal

MarketClub’s Trade Triangles for AUDCAD

long term down The long-term trend has been DOWN since May 12th, 2022 at 0.8960000

intermediate term up The intermediate-term trend has been UP since Jul 24th, 2022 at 0.8951136

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 0.9028403

Smart Scan Analysis for AUDCAD

Based on our trend formula, AUDCAD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for AUDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8943650 0.8991810 0.8922108 0.8952043 +0.0008390
Prev. Close Volume Bid Ask Time
0.8943650 2022-08-18 22:51:03
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