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Forex Trend Analysis Report

Prepared for you on Sunday, December 1, 2024.

US Dollar/Canadian Dollar (FOREX:USDCAD)

Bull Market Weakness (+75) - USDCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDCAD as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid USDCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDCAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDCAD
Open High Low USDCAD Price Change
1.40155 1.40155 1.39875 1.39885 -0.00270
Entry Signal

MarketClub’s Trade Triangles for USDCAD

long term up The long-term trend has been UP since Oct 31st, 2024 at 1.394420

intermediate term up The intermediate-term trend has been UP since Nov 25th, 2024 at 1.410515

short term up The short-term trend has been UP since Nov 25th, 2024 at 1.403805

Smart Scan Analysis for USDCAD

Based on our trend formula, USDCAD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for USDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.40155 1.40155 1.39875 1.39885 -0.00270
Prev. Close Volume Bid Ask Time
1.40155 2024-12-01 16:19:21
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