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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Euro/Canadian Dollar (FOREX:EURCAD)
Strong Downtrend (-100) - EURCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURCAD continues to fall. Traders should use caution 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.
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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 DOWN since Nov 6th, 2024 at 1.488765
The short-term trend has been DOWN since Nov 19th, 2024 at 1.481675
Smart Scan Analysis for EURCAD
Based on our trend formula, EURCAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.478360 | 1.478700 | 1.475605 | 1.476185 | -0.002175 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.478360 | 2024-11-20 03:33:49 |