Forex Trend Analysis Report
Prepared for you on Wednesday, February 24, 2021.
Euro/Canadian Dollar (FOREX:EURCAD)
Countertrend Down (-85) - EURCAD 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 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.
MarketClub’s Trade Triangles for EURCAD
The long-term trend has been DOWN since Dec 31st, 2020 at 1.531550
The intermediate-term trend has been DOWN since Dec 31st, 2020 at 1.540405
The short-term trend has been UP since Feb 19th, 2021 at 1.537735
Smart Scan Analysis for EURCAD
Based on our trend formula, EURCAD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).