Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, December 9, 2024.
Canadian Dollar/US Dollar (FOREX:CADUSD)
Strong Downtrend (-100) - CADUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CADUSD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CADUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for CADUSD
The long-term trend has been DOWN since Nov 1st, 2024 at 0.7170350
The intermediate-term trend has been DOWN since Oct 8th, 2024 at 0.7327450
The short-term trend has been DOWN since Nov 25th, 2024 at 0.7126314
Smart Scan Analysis for CADUSD
Based on our trend formula, CADUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.705900 | 0.709525 | 0.705465 | 0.708345 | +0.002445 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.705900 | 2024-12-09 10:49:38 |