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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

US Dollar/Canadian Dollar (FOREX:USDCAD)

Countertrend Up (+85) - USDCAD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
1.372050 1.372750 1.370630 1.371345 -0.000705
Entry Signal

MarketClub’s Trade Triangles for USDCAD

long term up The long-term trend has been UP since Apr 5th, 2024 at 1.36145

intermediate term up The intermediate-term trend has been UP since Jun 7th, 2024 at 1.37445

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 1.37465

Smart Scan Analysis for USDCAD

Based on our trend formula, USDCAD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for USDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.372050 1.372750 1.370630 1.371345 -0.000705
Prev. Close Volume Bid Ask Time
1.372050 2024-06-19 08:48:56
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