Future Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
E-MICRO CAD/USD Dec 2023 (CME:MCD.Z23)
Crossroads (+60) - MCD.Z23 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MCD.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for MCD.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MCD.Z23
The long-term trend has been DOWN since Aug 3rd, 2023 at 0.7490
The intermediate-term trend has been UP since Nov 24th, 2023 at 0.7331
The short-term trend has been UP since Nov 21st, 2023 at 0.7303
Smart Scan Analysis for MCD.Z23
Based on our trend formula, MCD.Z23 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).