Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, March 29, 2023.

Euro/Canadian Dollar (FOREX:EURCAD)

Bull Market Weakness (+75) - EURCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURCAD as it may be in the beginning stages 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.

FOREX_EURCAD
Open High Low EURCAD Price Change
1.47412 1.47650 1.46941 1.47032 -0.00380
Entry Signal

MarketClub’s Trade Triangles for EURCAD

long term up The long-term trend has been UP since Oct 4th, 2022 at 1.35648

intermediate term up The intermediate-term trend has been UP since Mar 1st, 2023 at 1.45004

short term down The short-term trend has been DOWN since Mar 29th, 2023 at 1.47330

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).

+75
Smart Scan Analysis for EURCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.47412 1.47650 1.46941 1.47032 -0.00380
Prev. Close Volume Bid Ask Time
1.47412 2023-03-29 22:27:45
Get a free daily analysis and signals for Euro/Canadian Dollar (EURCAD) - Request Your Free Report.