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Forex Trend Analysis Report

Prepared for you on Wednesday, May 23, 2018.

Euro/Canadian Dollar (FOREX:EURCAD)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_EURCAD
Open High Low EURCAD Price Change
1.510280 1.513585 1.500450 1.503800 -0.006480
Entry Signal

MarketClub’s Trade Triangles for EURCAD

long term down The long term trend has been DOWN since May 9th, 2018 at 1.526325

intermediate term down The intermediate term trend has been DOWN since Apr 3rd, 2018 at 1.576100

short term down The short term trend has been DOWN since May 16th, 2018 at 1.520970

Smart Scan Analysis for EURCAD

Based on a pre-defined weighted trend formula for chart analysis, EURCAD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for EURCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.510280 1.513585 1.500450 1.503800 -0.006480
Prev. Close Volume Bid Ask Time
1.510280 1.503500 1.504100 2018-05-23 22:04:07
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