Forex Trend Analysis Report
Prepared for you on Monday, September 25, 2017.
Euro/Canadian Dollar (FOREX:EURCAD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 EURCAD
The long term trend has been DOWN since Sep 11th, 2017 at 1.448155
The intermediate term trend has been DOWN since Sep 1st, 2017 at 1.472765
The short term trend has been DOWN since Sep 25th, 2017 at 1.465500
Smart Scan Analysis for EURCAD
Based on a pre-defined weighted trend formula for chart analysis, EURCAD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).