Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Tuesday, May 21, 2024.
US Dollar/Canadian Dollar (FOREX:USDCAD)
Weak Downtrend (-65) - USDCAD is showing signs of a strengthening downtrend. Monitor USDCAD as it may be building momentum to the downside.
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 Apr 5th, 2024 at 1.361450
The intermediate-term trend has been DOWN since May 15th, 2024 at 1.361035
The short-term trend has been DOWN since May 10th, 2024 at 1.366995
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
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.363885 | 1.364150 | 1.362910 | 1.363570 | -0.000315 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.363885 | 2024-05-21 03:01:43 |
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