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Forex Trend Analysis Report

Prepared for you on Wednesday, December 8, 2021.

US Dollar/Canadian Dollar (FOREX:USDCAD)

Weak Downtrend (-65) - USDCAD is showing signs of a strengthening downtrend. Monitor USDCAD as it may be building momentum to the downside.

Is it time to buy, sell, or avoid USDCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDCAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDCAD
Open High Low USDCAD Price Change
1.264160 1.266450 1.260975 1.264995 +0.000835
Entry Signal

MarketClub’s Trade Triangles for USDCAD

long term down The long-term trend has been DOWN since Oct 20th, 2021 at 1.230150

intermediate term up The intermediate-term trend has been UP since Nov 9th, 2021 at 1.247935

short term down The short-term trend has been DOWN since Dec 6th, 2021 at 1.274450

Smart Scan Analysis for USDCAD

Based on our trend formula, USDCAD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for USDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.264160 1.266450 1.260975 1.264995 +0.000835
Prev. Close Volume Bid Ask Time
1.264160 2021-12-08 16:52:44
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