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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

Canadian Dollar/Argentine Peso (FOREX:CADARS)

Bull Market Weakness (+75) - CADARS is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CADARS as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid CADARS?

MarketClub looks at technical strength and momentum to determine if the timing is right for CADARS.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CADARS
Open High Low CADARS Price Change
104.84297 104.84377 104.76248 104.78852 -0.05445
Entry Signal

MarketClub’s Trade Triangles for CADARS

long term up The long-term trend has been UP since Oct 4th, 2021 at 78.28386

intermediate term up The intermediate-term trend has been UP since Dec 7th, 2021 at 80.26490

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 104.75571

Smart Scan Analysis for CADARS

Based on our trend formula, CADARS is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for CADARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
104.84297 104.84377 104.76248 104.78852 -0.05445
Prev. Close Volume Bid Ask Time
104.84297 2022-08-19 01:23:43
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