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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Euro/Canadian Dollar (FOREX:EURCAD)

Crossroads (-60) - EURCAD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

FOREX_EURCAD
Open High Low EURCAD Price Change
1.458935 1.462135 1.458935 1.461670 +0.002735
Entry Signal

MarketClub’s Trade Triangles for EURCAD

long term up The long-term trend has been UP since Mar 7th, 2024 at 1.478000

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 1.466015

short term down The short-term trend has been DOWN since Mar 21st, 2024 at 1.470900

Smart Scan Analysis for EURCAD

Based on our trend formula, EURCAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for EURCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.458935 1.462135 1.458935 1.461670 +0.002735
Prev. Close Volume Bid Ask Time
1.458935 2024-03-29 07:54:20
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