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Forex Trend Analysis Report

Prepared for you on Wednesday, February 24, 2021.

Euro/Canadian Dollar (FOREX:EURCAD)

Countertrend Down (-85) - EURCAD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
1.528260 1.530490 1.521145 1.522420 -0.005840
Entry Signal

MarketClub’s Trade Triangles for EURCAD

long term down The long-term trend has been DOWN since Dec 31st, 2020 at 1.531550

intermediate term down The intermediate-term trend has been DOWN since Dec 31st, 2020 at 1.540405

short term up The short-term trend has been UP since Feb 19th, 2021 at 1.537735

Smart Scan Analysis for EURCAD

Based on our trend formula, EURCAD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for EURCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.528260 1.530490 1.521145 1.522420 -0.005840
Prev. Close Volume Bid Ask Time
1.528260 2021-02-24 18:42:58
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