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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

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
0.9051038 0.9080000 0.9039000 0.9053000 +0.0001960
Entry Signal

MarketClub’s Trade Triangles for AUDCAD

long term up The long-term trend has been UP since May 3rd, 2024 at 0.9009000

intermediate term down The intermediate-term trend has been DOWN since Jul 23rd, 2024 at 0.9111053

short term down The short-term trend has been DOWN since Jul 16th, 2024 at 0.9211322

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).

-70
Smart Scan Analysis for AUDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9051038 0.9080000 0.9039000 0.9053000 +0.0001960
Prev. Close Volume Bid Ask Time
0.9051038 2024-07-26 19:46:53
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