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Forex Trend Analysis Report
Prepared for you on Friday, September 20, 2024.
Canadian Dollar/Euro (FOREX:CADEUR)
Long-Term Downtrend (-90) - CADEUR is in a strong downtrend that is likely to continue. While CADEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.
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MarketClub’s Trade Triangles for CADEUR
The long-term trend has been DOWN since Mar 8th, 2024 at 0.6764
The intermediate-term trend has been DOWN since Sep 16th, 2024 at 0.6610
The short-term trend has been DOWN since Sep 12th, 2024 at 0.6653
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.660515 | 0.661130 | 0.659300 | 0.660640 | +0.000125 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.660515 | 2024-09-20 11:52:33 |