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Forex Trend Analysis Report

Prepared for you on Tuesday, February 7, 2023.

Canadian Dollar/Australian Dollar (FOREX:CADAUD)

Crossroads (+60) - CADAUD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
1.074845 1.078500 1.069135 1.072855 -0.001990
Entry Signal

MarketClub’s Trade Triangles for CADAUD

long term down The long-term trend has been DOWN since Nov 29th, 2022 at 1.0977000

intermediate term up The intermediate-term trend has been UP since Feb 5th, 2023 at 1.0810176

short term up The short-term trend has been UP since Feb 3rd, 2023 at 1.0671000

Smart Scan Analysis for CADAUD

Based on our trend formula, CADAUD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for CADAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.074845 1.078500 1.069135 1.072855 -0.001990
Prev. Close Volume Bid Ask Time
1.074845 2023-02-07 13:23:03
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