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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.

FOREX_CADAUD
Open High Low CADAUD Price Change
1.084545 1.084700 1.078300 1.080405 -0.004140
Entry Signal

MarketClub’s Trade Triangles for CADAUD

long term up The long-term trend has been UP since May 6th, 2021 at 1.057500

intermediate term up The intermediate-term trend has been UP since Jul 21st, 2021 at 1.080935

short term down 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).

+85
Smart Scan Analysis for CADAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.084545 1.084700 1.078300 1.080405 -0.004140
Prev. Close Volume Bid Ask Time
1.084545 2021-08-03 04:04:51
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