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Forex Trend Analysis Report
Prepared for you on Thursday, May 8, 2025.
US Dollar/Canadian Dollar (FOREX:USDCAD)
Long-Term Downtrend (-90) - USDCAD is in a strong downtrend that is likely to continue. While USDCAD 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 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.
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MarketClub’s Trade Triangles for USDCAD
The long-term trend has been DOWN since Apr 3rd, 2025 at 1.41513
The intermediate-term trend has been DOWN since Mar 26th, 2025 at 1.42452
The short-term trend has been DOWN since May 6th, 2025 at 1.37605
Smart Scan Analysis for USDCAD
Based on our trend formula, USDCAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.382515 | 1.382855 | 1.382515 | 1.382735 | +0.000220 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.382515 | 2025-05-08 00:21:04 |