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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Euro/Canadian Dollar (FOREX:EURCAD)
Strong Uptrend (+100) - EURCAD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, EURCAD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Mar 7th, 2024 at 1.47800
The intermediate-term trend has been UP since Jul 11th, 2024 at 1.47946
The short-term trend has been UP since Jul 25th, 2024 at 1.49960
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 |
|---|---|---|---|---|
| 1.500215 | 1.504300 | 1.497700 | 1.502300 | +0.002085 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.500215 | 2024-07-26 20:50:05 |