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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.

FOREX_CADUSD
Open High Low CADUSD Price Change
0.736875 0.737705 0.736505 0.737175 +0.000300
Entry Signal

MarketClub’s Trade Triangles for CADUSD

long term down The long-term trend has been DOWN since Feb 10th, 2020 at 0.750000

intermediate term up The intermediate-term trend has been UP since Apr 13th, 2020 at 0.718265

short term down 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).

+55
Smart Scan Analysis for CADUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.736875 0.737705 0.736505 0.737175 +0.000300
Prev. Close Volume Bid Ask Time
0.736875 0.737130 0.737220 2020-07-13 06:08:02
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