Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
US Dollar/Canadian Dollar (FOREX:USDCAD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 USDCAD
The long term trend has been UP since Mar 2nd, 2018 at 1.291225
The intermediate term trend has been DOWN since Jul 9th, 2018 at 1.308030
The short term trend has been DOWN since Aug 19th, 2018 at 1.305510
Smart Scan Analysis for USDCAD
Based on a pre-defined weighted trend formula for chart analysis, USDCAD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).