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Forex Trend Analysis Report

Prepared for you on Tuesday, August 21, 2018.

Canadian Dollar/ (FOREX:CADLFX)

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.

Open High Low CADLFX Price Change
1.5391 1.5398 1.5389 1.5397 +0.0006
Entry Signal

MarketClub’s Trade Triangles for CADLFX

long term up The long term trend has been UP since Apr 10th, 2018 at 1.5159

intermediate term up The intermediate term trend has been UP since Jul 11th, 2018 at 1.5219

short term down The short term trend has been DOWN since Aug 17th, 2018 at 1.5367

Smart Scan Analysis for CADLFX

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

Smart Scan Analysis for CADLFX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5391 1.5398 1.5389 1.5397 +0.0006
Prev. Close Volume Bid Ask Time
1.5391 1.5392 1.5402 2018-08-21 02:41:11
Want to analyze Canadian Dollar/ CADLFX or another symbol? Try our Free Forex Trend Analysis Report.