Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
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 DOWN since Nov 12th, 2018 at 2.83615
The intermediate term trend has been UP since Jan 7th, 2019 at 2.80510
The short term trend has been DOWN since Jan 14th, 2019 at 2.82650
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).