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Forex Trend Analysis Report

Prepared for you on Thursday, April 9, 2020.

US Dollar/Canadian Dollar (FOREX:USDCAD)

Weak Uptrend (+65) - USDCAD is showing signs of weakening momentum to the upside. Monitor 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
1.401980 1.405575 1.401270 1.405575 +0.003595
Entry Signal

MarketClub’s Trade Triangles for USDCAD

long term up The long-term trend has been UP since Feb 10th, 2020 at 1.332485

intermediate term up The intermediate-term trend has been UP since Jan 22nd, 2020 at 1.310350

short term down The short-term trend has been DOWN since Apr 7th, 2020 at 1.408480

Smart Scan Analysis for USDCAD

Based on our trend formula, USDCAD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for USDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.401980 1.405575 1.401270 1.405575 +0.003595
Prev. Close Volume Bid Ask Time
1.401980 1.405490 1.405660 2020-04-09 07:41:02
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