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Forex Trend Analysis Report

Prepared for you on Monday, March 20, 2023.

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
1.372045 1.374730 1.365325 1.367285 -0.004760
Entry Signal

MarketClub’s Trade Triangles for USDCAD

long term up The long-term trend has been UP since Mar 7th, 2023 at 1.37445

intermediate term up The intermediate-term trend has been UP since Feb 16th, 2023 at 1.34735

short term down The short-term trend has been DOWN since Mar 12th, 2023 at 1.37455

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
1.372045 1.374730 1.365325 1.367285 -0.004760
Prev. Close Volume Bid Ask Time
1.372045 2023-03-20 14:25:51
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