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Forex Trend Analysis Report

Prepared for you on Thursday, July 9, 2020.

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
0.65170 0.65430 0.65130 0.65383 +0.00213
Entry Signal

MarketClub’s Trade Triangles for CADEUR

long term down The long-term trend has been DOWN since Mar 5th, 2020 at 0.66600

intermediate term down The intermediate-term trend has been DOWN since Jun 11th, 2020 at 0.65017

short term down The short-term trend has been DOWN since Jul 6th, 2020 at 0.65120

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
0.65170 0.65430 0.65130 0.65383 +0.00213
Prev. Close Volume Bid Ask Time
0.65170 0.65377 0.65389 2020-07-09 07:51:45
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