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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Canadian Dollar/US Dollar (FOREX:CADUSD)
Long-Term Downtrend (-90) - CADUSD is in a strong downtrend that is likely to continue. While CADUSD is showing intraday strength, it remains in the confines of a bearish trend. 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.
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MarketClub’s Trade Triangles for CADUSD
The long-term trend has been DOWN since Apr 5th, 2024 at 0.73455
The intermediate-term trend has been DOWN since Jul 19th, 2024 at 0.72695
The short-term trend has been DOWN since Jul 12th, 2024 at 0.73265
Smart Scan Analysis for CADUSD
Based on our trend formula, CADUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.723740 | 0.724225 | 0.721750 | 0.723092 | -0.000648 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.723740 | 2024-07-26 19:37:00 |