Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
Canadian Dollar/Euro (FOREX:CADEUR)
Bear Market Rally (-75) - CADEUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CADEUR as it may be in the beginning of a reversal.
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 Oct 4th, 2022 at 0.7370000
The intermediate-term trend has been DOWN since Mar 1st, 2023 at 0.6903694
The short-term trend has been UP since Mar 27th, 2023 at 0.6771150
Smart Scan Analysis for CADEUR
Based on our trend formula, CADEUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).