Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Saturday, October 20, 2018.

Canadian Dollar/ (FOREX:CADLFX)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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.

Open High Low CADLFX Price Change
1.5478 1.5502 1.5395 1.5416 -0.0062
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 Sep 28th, 2018 at 1.5458

short term down The short term trend has been DOWN since Oct 19th, 2018 at 1.5448

Smart Scan Analysis for CADLFX

Based on a pre-defined weighted trend formula for chart analysis, CADLFX scored +65 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
1.5478 1.5502 1.5395 1.5416 -0.0062
Prev. Close Volume Bid Ask Time
1.5478 1.5411 1.5421 2018-10-19 17:45:32
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