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Forex Trend Analysis Report
Prepared for you on Thursday, April 18, 2024.
US Dollar/Canadian Dollar (FOREX:USDCAD)
Strong Uptrend (+100) - USDCAD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDCAD 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 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 Apr 5th, 2024 at 1.36145
The intermediate-term trend has been UP since Mar 19th, 2024 at 1.36062
The short-term trend has been UP since Apr 10th, 2024 at 1.36175
Smart Scan Analysis for USDCAD
Based on our trend formula, USDCAD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.375140 | 1.376150 | 1.374225 | 1.375500 | +0.000360 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.375140 | 2024-04-18 03:18:00 |