Forex Trend Analysis Report
Prepared for you on Tuesday, August 3, 2021.
Canadian Dollar/Australian Dollar (FOREX:CADAUD)
Countertrend Up (+85) - CADAUD 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 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 UP since May 6th, 2021 at 1.057500
The intermediate-term trend has been UP since Jul 21st, 2021 at 1.080935
The short-term trend has been DOWN since Aug 3rd, 2021 at 1.084100
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).