Forex Trend Analysis Report
Prepared for you on Sunday, September 23, 2018.
Canadian Dollar/Saudi Arabian Riyal (FOREX:CADSAR)
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 CADSAR
The long term trend has been DOWN since Mar 5th, 2018 at 2.90325
The intermediate term trend has been UP since Sep 13th, 2018 at 2.91390
The short term trend has been UP since Sep 18th, 2018 at 2.88870
Smart Scan Analysis for CADSAR
Based on a pre-defined weighted trend formula for chart analysis, CADSAR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).