Forex Trend Analysis Report
Prepared for you on Thursday, August 13, 2020.
Euro/Canadian Dollar (FOREX:EURCAD)
Sidelines Mode (+55) - EURCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
MarketClub’s Trade Triangles for EURCAD
The long-term trend has been UP since Feb 27th, 2020 at 1.477200
The intermediate-term trend has been UP since Jun 11th, 2020 at 1.537945
The short-term trend has been DOWN since Aug 10th, 2020 at 1.572410
Smart Scan Analysis for EURCAD
Based on our trend formula, EURCAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).