Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Monday, December 9, 2019.

Euro/Canadian Dollar (FOREX:EURCAD)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management 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
1.46637 1.46870 1.46300 1.46379 -0.00258
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 Oct 30th, 2019 at 1.46882

short term down The short term trend has been DOWN since Dec 4th, 2019 at 1.46262

Smart Scan Analysis for EURCAD

Based on a pre-defined weighted trend formula for chart analysis, EURCAD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for EURCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.46637 1.46870 1.46300 1.46379 -0.00258
Prev. Close Volume Bid Ask Time
1.46637 1.46348 1.46410 2019-12-09 13:27:38
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