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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Canadian Dollar/US Dollar (FOREX:CADUSD)

Weak Uptrend (+65) - CADUSD is showing signs of weakening momentum to the upside. Monitor CADUSD as it may be in the beginning stages of a reversal.

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
0.7380150 0.7384650 0.7362957 0.7370450 -0.0009700
Entry Signal

MarketClub’s Trade Triangles for CADUSD

long term up The long-term trend has been UP since Dec 15th, 2023 at 0.747115

intermediate term up The intermediate-term trend has been UP since Mar 8th, 2024 at 0.744585

short term down The short-term trend has been DOWN since Mar 14th, 2024 at 0.739350

Smart Scan Analysis for CADUSD

Based on our trend formula, CADUSD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for CADUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7380150 0.7384650 0.7362957 0.7370450 -0.0009700
Prev. Close Volume Bid Ask Time
0.7380150 2024-03-19 07:32:53
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