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.
MarketClub’s Trade Triangles for CADUSD
The long term trend has been DOWN since Nov 9th, 2018 at 0.7561
The intermediate term trend has been DOWN since Oct 18th, 2018 at 0.7644
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).