Forex Trend Analysis Report
Prepared for you on Saturday, December 16, 2017.
Canadian Dollar/Saudi Arabian Riyal (FOREX:CADSAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Jun 14th, 2017 at 2.8353
The intermediate term trend has been UP since Dec 4th, 2017 at 2.9597
The short term trend has been DOWN since Dec 15th, 2017 at 2.9110
Smart Scan Analysis for CADSAR
Based on a pre-defined weighted trend formula for chart analysis, CADSAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).