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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

Euro/Canadian Dollar (FOREX:EURCAD)

Strong Downtrend (-100) - EURCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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.

FOREX_EURCAD
Open High Low EURCAD Price Change
1.43542 1.43764 1.43530 1.43581 +0.00039
Entry Signal

MarketClub’s Trade Triangles for EURCAD

long term down The long-term trend has been DOWN since Oct 6th, 2021 at 1.46030

intermediate term down The intermediate-term trend has been DOWN since Sep 24th, 2021 at 1.48297

short term down The short-term trend has been DOWN since Oct 22nd, 2021 at 1.43343

Smart Scan Analysis for EURCAD

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

-100
Smart Scan Analysis for EURCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.43542 1.43764 1.43530 1.43581 +0.00039
Prev. Close Volume Bid Ask Time
1.43542 2021-10-26 08:32:24
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