Free Daily Analysis
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for USDCAD
The long-term trend has been DOWN since Apr 3rd, 2025 at 1.41513
The intermediate-term trend has been DOWN since Mar 26th, 2025 at 1.42452
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).
| 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 |