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Forex Trend Analysis Report

Prepared for you on Friday, November 17, 2017.

Canadian Dollar/US Dollar (FOREX:CADUSD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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
0.78577 0.78630 0.77950 0.78279 -0.00298
Entry Signal

MarketClub’s Trade Triangles for CADUSD

long term up The long term trend has been UP since Jun 13th, 2017 at 0.7566

intermediate term down The intermediate term trend has been DOWN since Sep 27th, 2017 at 0.8044

short term down The short term trend has been DOWN since Nov 13th, 2017 at 0.7846

Smart Scan Analysis for CADUSD

Based on a pre-defined weighted trend formula for chart analysis, CADUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for CADUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.78577 0.78630 0.77950 0.78279 -0.00298
Prev. Close Volume Bid Ask Time
0.78577 0.78274 0.78284 2017-11-17 14:27:32
Want to analyze Canadian Dollar/US Dollar CADUSD or another symbol? Try our Free Forex Trend Analysis Report.