Forex Trend Analysis Report
Prepared for you on Monday, July 13, 2020.
Canadian Dollar/US Dollar (FOREX:CADUSD)
Sidelines Mode (+55) - CADUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Feb 10th, 2020 at 0.750000
The intermediate-term trend has been UP since Apr 13th, 2020 at 0.718265
The short-term trend has been DOWN since Jul 10th, 2020 at 0.734025
Smart Scan Analysis for CADUSD
Based on our trend formula, CADUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).