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Forex Trend Analysis Report

Prepared for you on Tuesday, March 2, 2021.

US Dollar/Canadian Dollar (FOREX:USDCAD)

Countertrend Down (-85) - USDCAD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
1.267940 1.269765 1.260550 1.261105 -0.006835
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 Feb 15th, 2021 at 1.265950

short term up The short-term trend has been UP since Feb 26th, 2021 at 1.264785

Smart Scan Analysis for USDCAD

Based on our trend formula, USDCAD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for USDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.267940 1.269765 1.260550 1.261105 -0.006835
Prev. Close Volume Bid Ask Time
1.267940 2021-03-02 12:55:21
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