Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
Canadian Dollar/US Dollar (FOREX:CADUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 CADUSD
The long term trend has been DOWN since Mar 5th, 2018 at 0.7740
The intermediate term trend has been DOWN since Sep 4th, 2018 at 0.7587
The short term trend has been UP since Sep 18th, 2018 at 0.7706
Smart Scan Analysis for CADUSD
Based on a pre-defined weighted trend formula for chart analysis, CADUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).