Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
Euro/Canadian Dollar (FOREX:EURCAD)
Bull Market Weakness (+75) - EURCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURCAD as it may be in the beginning stages of a reversal.
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 UP since Oct 4th, 2022 at 1.35648
The intermediate-term trend has been UP since Mar 1st, 2023 at 1.45004
The short-term trend has been DOWN since Mar 29th, 2023 at 1.47330
Smart Scan Analysis for EURCAD
Based on our trend formula, EURCAD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).