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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

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.

FOREX_CADUSD
Open High Low CADUSD Price Change
0.7317377 0.7324500 0.7316000 0.7323050 +0.0005670
Entry Signal

MarketClub’s Trade Triangles for CADUSD

long term down The long-term trend has been DOWN since Apr 5th, 2024 at 0.7345500

intermediate term up The intermediate-term trend has been UP since May 15th, 2024 at 0.7347500

short term down The short-term trend has been DOWN since May 21st, 2024 at 0.7328961

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).

+55
Smart Scan Analysis for CADUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7317377 0.7324500 0.7316000 0.7323050 +0.0005670
Prev. Close Volume Bid Ask Time
0.7317377 2024-05-27 08:00:10
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