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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.

FOREX_CADUSD
Open High Low CADUSD Price Change
0.77073 0.77360 0.76969 0.77296 +0.00223
Entry Signal

MarketClub’s Trade Triangles for CADUSD

long term down The long term trend has been DOWN since Mar 5th, 2018 at 0.7740

intermediate term down The intermediate term trend has been DOWN since Sep 4th, 2018 at 0.7587

short term up 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).

-55
Smart Scan Analysis for CADUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.77073 0.77360 0.76969 0.77296 +0.00223
Prev. Close Volume Bid Ask Time
0.77073 0.77279 0.77313 2018-09-19 14:17:33
Want to analyze Canadian Dollar/US Dollar CADUSD or another symbol? Try our Free Forex Trend Analysis Report.