Forex Trend Analysis Report
Prepared for you on Sunday, February 25, 2018.
Euro/Canadian Dollar (FOREX:EURCAD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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.
MarketClub’s Trade Triangles for EURCAD
The long term trend has been UP since Oct 25th, 2017 at 1.507220
The intermediate term trend has been UP since Jan 15th, 2018 at 1.522245
The short term trend has been DOWN since Feb 23rd, 2018 at 1.553620
Smart Scan Analysis for EURCAD
Based on a pre-defined weighted trend formula for chart analysis, EURCAD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).