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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/Canadian Dollar (FOREX:USDCAD)
Crossroads (+60) - USDCAD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for USDCAD
The long-term trend has been UP since Oct 31st, 2024 at 1.394420
The intermediate-term trend has been DOWN since Nov 15th, 2024 at 1.379950
The short-term trend has been DOWN since Nov 15th, 2024 at 1.392535
Smart Scan Analysis for USDCAD
Based on our trend formula, USDCAD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.395735 | 1.396850 | 1.395085 | 1.396560 | +0.000825 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.395735 | 2024-11-20 03:41:22 |