Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, January 2, 2025.
Euro/Canadian Dollar (FOREX:EURCAD)
Bear Market Rally (-75) - EURCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURCAD as it may be in the beginning 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.
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MarketClub’s Trade Triangles for EURCAD
The long-term trend has been DOWN since Nov 6th, 2024 at 1.487350
The intermediate-term trend has been UP since Dec 6th, 2024 at 1.492755
The short-term trend has been DOWN since Dec 30th, 2024 at 1.493250
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.490485 | 1.493900 | 1.476840 | 1.477710 | -0.012775 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.490485 | 2025-01-02 22:37:45 |