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Forex Trend Analysis Report
Prepared for you on Tuesday, November 5, 2024.
Euro/Canadian Dollar (FOREX:EURCAD)
Strong Uptrend (+100) - EURCAD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, EURCAD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid EURCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURCAD.
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 EURCAD
The long-term trend has been UP since Mar 7th, 2024 at 1.478000
The intermediate-term trend has been UP since Oct 30th, 2024 at 1.509670
The short-term trend has been UP since Oct 30th, 2024 at 1.506265
Smart Scan Analysis for EURCAD
Based on our trend formula, EURCAD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.511595 | 1.512755 | 1.511100 | 1.512210 | +0.000615 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.511595 | 2024-11-05 03:26:05 |