Forex Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
Canadian Dollar/Kuwaiti Dinar (FOREX:CADKWD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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.
MarketClub’s Trade Triangles for CADKWD
The long term trend has been DOWN since Nov 20th, 2018 at 0.228980
The intermediate term trend has been DOWN since Oct 18th, 2018 at 0.231685
The short term trend has been DOWN since Dec 5th, 2018 at 0.228815
Smart Scan Analysis for CADKWD
Based on a pre-defined weighted trend formula for chart analysis, CADKWD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).