Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
Canadian Dollar/Euro (FOREX:CADEUR)
Countertrend Down (-85) - CADEUR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid CADEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADEUR
The long-term trend has been DOWN since Mar 5th, 2020 at 0.6660
The intermediate-term trend has been DOWN since Feb 27th, 2020 at 0.6792
The short-term trend has been UP since Apr 1st, 2020 at 0.6474
Smart Scan Analysis for CADEUR
Based on our trend formula, CADEUR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).