Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Canadian Dollar/Australian Dollar (FOREX:CADAUD)
Countertrend Down (-85) - CADAUD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid CADAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADAUD
The long-term trend has been DOWN since May 8th, 2020 at 1.096000
The intermediate-term trend has been DOWN since Apr 9th, 2020 at 1.135985
The short-term trend has been UP since May 27th, 2020 at 1.095800
Smart Scan Analysis for CADAUD
Based on our trend formula, CADAUD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).