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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Canadian Dollar/Australian Dollar (FOREX:CADAUD)

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

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
1.129005 1.130700 1.127500 1.129970 +0.000965
Entry Signal

MarketClub’s Trade Triangles for CADAUD

long term up The long-term trend has been UP since Feb 4th, 2024 at 1.1428765

intermediate term down The intermediate-term trend has been DOWN since Apr 8th, 2024 at 1.1162000

short term up The short-term trend has been UP since Apr 10th, 2024 at 1.1201000

Smart Scan Analysis for CADAUD

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

+75
Smart Scan Analysis for CADAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.129005 1.130700 1.127500 1.129970 +0.000965
Prev. Close Volume Bid Ask Time
1.129005 2024-04-16 07:19:23
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