Forex Trend Analysis Report
Prepared for you on Saturday, January 29, 2022.
Canadian Dollar/Australian Dollar (FOREX:CADAUD)
Long-Term Uptrend (+90) - CADAUD is in a strong uptrend that is likely to continue. While CADAUD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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 1.0575
The intermediate-term trend has been UP since Jan 7th, 2022 at 1.1003
The short-term trend has been UP since Jan 24th, 2022 at 1.1113
Smart Scan Analysis for CADAUD
Based on our trend formula, CADAUD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).