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Forex Trend Analysis Report

Prepared for you on Saturday, August 18, 2018.

Euro/Canadian Dollar (FOREX:EURCAD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.

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
1.4939 1.4939 1.4939 1.4939 0.0000
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 Jul 25th, 2018 at 1.528960

short term up The short term trend has been UP since Aug 17th, 2018 at 1.498550

Smart Scan Analysis for EURCAD

Based on a pre-defined weighted trend formula for chart analysis, EURCAD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for EURCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4939 1.4939 1.4939 1.4939 0.0000
Prev. Close Volume Bid Ask Time
1.4939 1.4934 1.4944 2018-08-18 05:58:01
Want to analyze Euro/Canadian Dollar EURCAD or another symbol? Try our Free Forex Trend Analysis Report.