Forex Trend Analysis Report
Prepared for you on Sunday, April 18, 2021.
Canadian Dollar/Euro (FOREX:CADEUR)
Weak Downtrend (-65) - CADEUR is showing signs of a strengthening downtrend. Monitor CADEUR as it may be building momentum to the downside.
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 Jan 20th, 2021 at 0.6530
The intermediate-term trend has been DOWN since Apr 7th, 2021 at 0.6677
The short-term trend has been DOWN since Apr 5th, 2021 at 0.6754
Smart Scan Analysis for CADEUR
Based on our trend formula, CADEUR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).