Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
Euro/Canadian Dollar (FOREX:EURCAD)
Weak Downtrend (-65) - EURCAD is showing signs of a strengthening downtrend. Monitor EURCAD as it may be building momentum to the downside.
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 UP since Feb 27th, 2020 at 1.477200
The intermediate-term trend has been DOWN since Apr 6th, 2020 at 1.521750
The short-term trend has been DOWN since Mar 31st, 2020 at 1.544685
Smart Scan Analysis for EURCAD
Based on our trend formula, EURCAD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).