Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, December 22, 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.

FOREX_USDCAD
Open High Low USDCAD Price Change
1.434210 1.437050 1.434210 1.436185 +0.001975
Entry Signal

MarketClub’s Trade Triangles for USDCAD

long term up The long-term trend has been UP since Oct 31st, 2024 at 1.394420

intermediate term up The intermediate-term trend has been UP since Nov 25th, 2024 at 1.410515

short term up 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).

+90
Smart Scan Analysis for USDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.434210 1.437050 1.434210 1.436185 +0.001975
Prev. Close Volume Bid Ask Time
1.434210 2024-12-22 19:54:07
Get a free daily analysis and signals for US Dollar/Canadian Dollar (USDCAD) - Request Your Free Report.