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Forex Trend Analysis Report

Prepared for you on Monday, September 20, 2021.

US Dollar/Canadian Dollar (FOREX:USDCAD)

Long-Term Uptrend (+90) - USDCAD is in a strong uptrend that is likely to continue. While USDCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
1.279140 1.289470 1.278420 1.280935 +0.001795
Entry Signal

MarketClub’s Trade Triangles for USDCAD

long term up The long-term trend has been UP since Jul 19th, 2021 at 1.264835

intermediate term up The intermediate-term trend has been UP since Jun 11th, 2021 at 1.214405

short term up The short-term trend has been UP since Sep 7th, 2021 at 1.255950

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).

+90
Smart Scan Analysis for USDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.279140 1.289470 1.278420 1.280935 +0.001795
Prev. Close Volume Bid Ask Time
1.279140 2021-09-20 11:21:05
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