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Forex Trend Analysis Report

Prepared for you on Friday, May 9, 2025.

US Dollar/Canadian Dollar (FOREX:USDCAD)

Sidelines Mode (-55) - USDCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_USDCAD
Open High Low USDCAD Price Change
1.392265 1.392590 1.391030 1.391540 -0.000725
Entry Signal

MarketClub’s Trade Triangles for USDCAD

long term down The long-term trend has been DOWN since Apr 3rd, 2025 at 1.41513

intermediate term down The intermediate-term trend has been DOWN since Mar 26th, 2025 at 1.42452

short term up The short-term trend has been UP since May 8th, 2025 at 1.38451

Smart Scan Analysis for USDCAD

Based on our trend formula, USDCAD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for USDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.392265 1.392590 1.391030 1.391540 -0.000725
Prev. Close Volume Bid Ask Time
1.392265 2025-05-09 07:10:07
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