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Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

Canadian Dollar/Euro (FOREX:CADEUR)

Long-Term Downtrend (-90) - CADEUR is in a strong downtrend that is likely to continue. While CADEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CADEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for CADEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CADEUR
Open High Low CADEUR Price Change
0.666965 0.669400 0.666700 0.669275 +0.002310
Entry Signal

MarketClub’s Trade Triangles for CADEUR

long term down The long-term trend has been DOWN since Mar 8th, 2024 at 0.6764

intermediate term down The intermediate-term trend has been DOWN since Jul 11th, 2024 at 0.6745

short term down The short-term trend has been DOWN since Jun 30th, 2024 at 0.6809

Smart Scan Analysis for CADEUR

Based on our trend formula, CADEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CADEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.666965 0.669400 0.666700 0.669275 +0.002310
Prev. Close Volume Bid Ask Time
0.666965 2024-07-23 08:08:13
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