Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
Euro/Canadian Dollar (FOREX:EURCAD)
Weak Downtrend (-65) - EURCAD is showing signs of a strengthening downtrend. Monitor EURCAD as it may be building momentum to the downside.
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.
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MarketClub’s Trade Triangles for EURCAD
The long-term trend has been UP since Nov 14th, 2023 at 1.48223
The intermediate-term trend has been DOWN since Dec 1st, 2023 at 1.46450
The short-term trend has been DOWN since Nov 22nd, 2023 at 1.49180
Smart Scan Analysis for EURCAD
Based on our trend formula, EURCAD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-70
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.462 | 1.462 | 1.462 | 1.462 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.462 | 2023-12-10 04:26:02 |
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