Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Saturday, August 17, 2019.

Euro/Canadian Dollar (FOREX:EURCAD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_EURCAD
Open High Low EURCAD Price Change
1.4713 1.4713 1.4713 1.4713 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURCAD

long term down The long term trend has been DOWN since Jun 20th, 2019 at 1.49040

intermediate term up The intermediate term trend has been UP since Aug 4th, 2019 at 1.47160

short term up The short term trend has been UP since Aug 13th, 2019 at 1.48679

Smart Scan Analysis for EURCAD

Based on a pre-defined weighted trend formula for chart analysis, EURCAD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for EURCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4713 1.4713 1.4713 1.4713 0.0000
Prev. Close Volume Bid Ask Time
1.4713 1.4708 1.4718 2019-08-17 06:50:53
Want to analyze Euro/Canadian Dollar EURCAD or another symbol? Try our Free Forex Trend Analysis Report.