Forex Trend Analysis Report
Prepared for you on Thursday, November 15, 2018.
Canadian Dollar/Euro (FOREX:CADEUR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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.
MarketClub’s Trade Triangles for CADEUR
The long term trend has been UP since May 9th, 2018 at 0.655145
The intermediate term trend has been UP since Sep 19th, 2018 at 0.663200
The short term trend has been DOWN since Nov 14th, 2018 at 0.667600
Smart Scan Analysis for CADEUR
Based on a pre-defined weighted trend formula for chart analysis, CADEUR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).