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Forex Trend Analysis Report

Prepared for you on Wednesday, August 12, 2020.

Euro/Canadian Dollar (FOREX:EURCAD)

Sidelines Mode (+55) - EURCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

Open High Low EURCAD Price Change
1.56314 1.56546 1.55930 1.56168 -0.00146
Entry Signal

MarketClub’s Trade Triangles for EURCAD

long term up The long-term trend has been UP since Feb 27th, 2020 at 1.477200

intermediate term up The intermediate-term trend has been UP since Jun 11th, 2020 at 1.537945

short term down The short-term trend has been DOWN since Aug 10th, 2020 at 1.572410

Smart Scan Analysis for EURCAD

Based on our trend formula, EURCAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for EURCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.56314 1.56546 1.55930 1.56168 -0.00146
Prev. Close Volume Bid Ask Time
1.56314 1.56155 1.56181 2020-08-12 19:43:30
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