Forex Trend Analysis Report
Prepared for you on Wednesday, September 20, 2017.
Canadian Dollar/US Dollar (FOREX:CADUSD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 UP since Jun 13th, 2017 at 0.756600
The intermediate term trend has been UP since Aug 27th, 2017 at 0.802500
The short term trend has been DOWN since Sep 12th, 2017 at 0.821865
Smart Scan Analysis for CADUSD
Based on a pre-defined weighted trend formula for chart analysis, CADUSD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).