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Forex Trend Analysis Report

Prepared for you on Wednesday, August 12, 2020.

US Dollar/Canadian Dollar (FOREX:USDCAD)

Strong Downtrend (-100) - USDCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.

FOREX_USDCAD
Open High Low USDCAD Price Change
1.333775 1.334750 1.322650 1.324385 -0.009390
Entry Signal

MarketClub’s Trade Triangles for USDCAD

long term down The long-term trend has been DOWN since Aug 4th, 2020 at 1.331655

intermediate term down The intermediate-term trend has been DOWN since Apr 13th, 2020 at 1.392250

short term down The short-term trend has been DOWN since Aug 4th, 2020 at 1.337320

Smart Scan Analysis for USDCAD

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

-100
Smart Scan Analysis for USDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.333775 1.334750 1.322650 1.324385 -0.009390
Prev. Close Volume Bid Ask Time
1.333775 1.324350 1.324420 2020-08-12 20:25:49
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