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Forex Trend Analysis Report
Prepared for you on Thursday, December 5, 2024.
US Dollar/Canadian Dollar (FOREX:USDCAD)
Long-Term Uptrend (+90) - USDCAD is in a strong uptrend that is likely to continue. While USDCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
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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 UP since Nov 25th, 2024 at 1.410515
The short-term trend has been UP since Nov 25th, 2024 at 1.403805
Smart Scan Analysis for USDCAD
Based on our trend formula, USDCAD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.407255 | 1.407550 | 1.401100 | 1.402450 | -0.004805 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.407255 | 2024-12-05 16:37:21 |