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Forex Trend Analysis Report

Prepared for you on Wednesday, May 12, 2021.

Euro/Canadian Dollar (FOREX:EURCAD)

Crossroads (-60) - EURCAD is struggling to move into a solid trend. Beware of choppy markets 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
1.469740 1.470100 1.464605 1.464920 -0.004820
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 up The intermediate-term trend has been UP since Apr 7th, 2021 at 1.497455

short term up The short-term trend has been UP since Apr 6th, 2021 at 1.481250

Smart Scan Analysis for EURCAD

Based on our trend formula, EURCAD is rated as a -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
1.469740 1.470100 1.464605 1.464920 -0.004820
Prev. Close Volume Bid Ask Time
1.469740 2021-05-12 08:07:34
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