Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
Euro/Canadian Dollar (FOREX:EURCAD)
Long-Term Downtrend (-90) - EURCAD is in a strong downtrend that is likely to continue. While EURCAD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for EURCAD
The long-term trend has been DOWN since Jun 2nd, 2023 at 1.438490
The intermediate-term trend has been DOWN since Sep 11th, 2023 at 1.456870
The short-term trend has been DOWN since Sep 8th, 2023 at 1.458495
Smart Scan Analysis for EURCAD
Based on our trend formula, EURCAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).