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Forex Trend Analysis Report

Prepared for you on Monday, October 22, 2018.

US Dollar/Canadian Dollar (FOREX:USDCAD)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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.

FOREX_USDCAD
Open High Low USDCAD Price Change
1.310675 1.312235 1.308060 1.310565 -0.000110
Entry Signal

MarketClub’s Trade Triangles for USDCAD

long term down The long term trend has been DOWN since Sep 30th, 2018 at 1.286280

intermediate term up The intermediate term trend has been UP since Oct 18th, 2018 at 1.308155

short term up The short term trend has been UP since Oct 17th, 2018 at 1.304280

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).

+60
Smart Scan Analysis for USDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.310675 1.312235 1.308060 1.310565 -0.000110
Prev. Close Volume Bid Ask Time
1.310675 1.310480 1.310650 2018-10-22 16:22:25
Want to analyze US Dollar/Canadian Dollar USDCAD or another symbol? Try our Free Forex Trend Analysis Report.