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Forex Trend Analysis Report

Prepared for you on Sunday, February 28, 2021.

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.

FOREX_EURCAD
Open High Low EURCAD Price Change
1.538490 1.538490 1.535190 1.537435 -0.001055
Entry Signal

MarketClub’s Trade Triangles for EURCAD

long term down The long-term trend has been DOWN since Dec 31st, 2020 at 1.531550

intermediate term down The intermediate-term trend has been DOWN since Dec 31st, 2020 at 1.540405

short term up The short-term trend has been UP since Feb 25th, 2021 at 1.535035

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).

-55
Smart Scan Analysis for EURCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.538490 1.538490 1.535190 1.537435 -0.001055
Prev. Close Volume Bid Ask Time
1.538490 2021-02-28 17:17:23
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