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Forex Trend Analysis Report

Prepared for you on Monday, November 19, 2018.

Canadian Dollar/US Dollar (FOREX:CADUSD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

FOREX_CADUSD
Open High Low CADUSD Price Change
0.75985 0.76070 0.75876 0.75885 -0.00100
Entry Signal

MarketClub’s Trade Triangles for CADUSD

long term down The long term trend has been DOWN since Nov 9th, 2018 at 0.7561

intermediate term down The intermediate term trend has been DOWN since Oct 18th, 2018 at 0.7644

short term up The short term trend has been UP since Nov 15th, 2018 at 0.7585

Smart Scan Analysis for CADUSD

Based on a pre-defined weighted trend formula for chart analysis, CADUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for CADUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.75985 0.76070 0.75876 0.75885 -0.00100
Prev. Close Volume Bid Ask Time
0.75985 0.75880 0.75890 2018-11-19 08:08:10
Want to analyze Canadian Dollar/US Dollar CADUSD or another symbol? Try our Free Forex Trend Analysis Report.