Forex Trend Analysis Report
Prepared for you on Sunday, March 18, 2018.
Canadian Dollar/Saudi Arabian Riyal (FOREX:CADSAR)
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 CADSAR
The long term trend has been DOWN since Mar 5th, 2018 at 2.90325
The intermediate term trend has been DOWN since Feb 5th, 2018 at 3.00140
The short term trend has been DOWN since Mar 13th, 2018 at 2.89430
Smart Scan Analysis for CADSAR
Based on a pre-defined weighted trend formula for chart analysis, CADSAR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).