Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
Australian Dollar/Canadian Dollar (FOREX:AUDCAD)
Countertrend Up (+85) - AUDCAD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Nov 1st, 2023 at 0.8863150
The intermediate-term trend has been UP since Oct 10th, 2023 at 0.8746109
The short-term trend has been DOWN since Nov 30th, 2023 at 0.8973121
Smart Scan Analysis for AUDCAD
Based on our trend formula, AUDCAD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).