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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.

FOREX_EURCAD
Open High Low EURCAD Price Change
1.523560 1.529325 1.522545 1.524915 +0.001355
Entry Signal

MarketClub’s Trade Triangles for EURCAD

long term up The long-term trend has been UP since Feb 27th, 2020 at 1.477200

intermediate term down The intermediate-term trend has been DOWN since Apr 6th, 2020 at 1.521750

short term down 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).

-70
Smart Scan Analysis for EURCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.523560 1.529325 1.522545 1.524915 +0.001355
Prev. Close Volume Bid Ask Time
1.523560 1.524840 1.524990 2020-04-09 07:27:05
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