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Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
US Dollar/Canadian Dollar (FOREX:USDCAD)
Sidelines Mode (-55) - USDCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Sep 5th, 2023 at 1.363950
The intermediate-term trend has been DOWN since Sep 18th, 2023 at 1.349075
The short-term trend has been UP since Sep 21st, 2023 at 1.352050
Smart Scan Analysis for USDCAD
Based on our trend formula, USDCAD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.349350 | 1.351550 | 1.347065 | 1.348395 | -0.000955 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.349350 | 2023-09-28 18:03:16 |