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Forex Trend Analysis Report

Prepared for you on Thursday, January 18, 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 positive trend to resume. Uptrend 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
0.80270 0.80580 0.80060 0.80539 +0.00269
Entry Signal

MarketClub’s Trade Triangles for CADUSD

long term up The long term trend has been UP since Jan 5th, 2018 at 0.80614

intermediate term up The intermediate term trend has been UP since Dec 27th, 2017 at 0.79215

short term down The short term trend has been DOWN since Jan 17th, 2018 at 0.80150

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
0.80270 0.80580 0.80060 0.80539 +0.00269
Prev. Close Volume Bid Ask Time
0.8027 0.80523 0.80555 2018-01-18 18:53:05
Want to analyze Canadian Dollar/US Dollar CADUSD or another symbol? Try our Free Forex Trend Analysis Report.