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.
MarketClub’s Trade Triangles for CADEUR
The long-term trend has been DOWN since Mar 5th, 2020 at 0.66600
The intermediate-term trend has been DOWN since Jun 11th, 2020 at 0.65017
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).