Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 1, 2025.
US Dollar/Canadian Dollar (FOREX:USDCAD)
Strong Downtrend (-100) - USDCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDCAD continues to fall. Traders should use caution and set stops.
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 DOWN since Apr 3rd, 2025 at 1.415130
The intermediate-term trend has been DOWN since Mar 26th, 2025 at 1.424520
The short-term trend has been DOWN since Apr 28th, 2025 at 1.384005
Smart Scan Analysis for USDCAD
Based on our trend formula, USDCAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.379715 | 1.382510 | 1.379295 | 1.380985 | +0.001270 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.379715 | 2025-05-01 10:37:50 |