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Forex Trend Analysis Report

Prepared for you on Saturday, June 15, 2024.

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.

Open High Low EURCAD Price Change
1.47050 1.47200 1.47025 1.47025 -0.00025
Entry Signal

MarketClub’s Trade Triangles for EURCAD

long term up The long-term trend has been UP since Mar 7th, 2024 at 1.47800

intermediate term down The intermediate-term trend has been DOWN since Jun 11th, 2024 at 1.47680

short term up The short-term trend has been UP since Jun 13th, 2024 at 1.48593

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).

Smart Scan Analysis for EURCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.47050 1.47200 1.47025 1.47025 -0.00025
Prev. Close Volume Bid Ask Time
1.47050 2024-06-15 22:19:55
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