Forex Trend Analysis Report
Prepared for you on Monday, March 30, 2020.
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.
MarketClub’s Trade Triangles for USDCAD
The long-term trend has been UP since Feb 10th, 2020 at 1.332485
The intermediate-term trend has been UP since Jan 22nd, 2020 at 1.310350
The short-term trend has been DOWN since Mar 25th, 2020 at 1.433825
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).