Forex Trend Analysis Report
Prepared for you on Monday, December 6, 2021.
Canadian Dollar/Euro (FOREX:CADEUR)
Crossroads (-60) - CADEUR 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 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.
MarketClub’s Trade Triangles for CADEUR
The long-term trend has been UP since Oct 4th, 2021 at 0.6843075
The intermediate-term trend has been DOWN since Nov 26th, 2021 at 0.6914100
The short-term trend has been DOWN since Nov 26th, 2021 at 0.6966000
Smart Scan Analysis for CADEUR
Based on our trend formula, CADEUR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).