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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 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.
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MarketClub’s Trade Triangles for CADAUD
The long-term trend has been DOWN since May 3rd, 2024 at 1.1098
The intermediate-term trend has been UP since Jul 23rd, 2024 at 1.0977
The short-term trend has been UP since Jul 16th, 2024 at 1.0857
Smart Scan Analysis for CADAUD
Based on our trend formula, CADAUD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.1047800 | 1.1073093 | 1.1012000 | 1.1053718 | +0.0005920 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.1047800 | 2024-07-26 20:43:53 |