Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Canadian Dollar/Euro (FOREX:CADEUR)
Long-Term Uptrend (+90) - CADEUR is in a strong uptrend that is likely to continue. While CADEUR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Jan 20th, 2021 at 0.65300
The intermediate-term trend has been UP since Jan 13th, 2021 at 0.64830
The short-term trend has been UP since Feb 14th, 2021 at 0.65063
Smart Scan Analysis for CADEUR
Based on our trend formula, CADEUR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).