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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.

FOREX_USDCAD
Open High Low USDCAD Price Change
1.303485 1.305565 1.301415 1.304555 +0.001070
Entry Signal

MarketClub’s Trade Triangles for USDCAD

long term up The long term trend has been UP since Mar 2nd, 2018 at 1.291225

intermediate term down The intermediate term trend has been DOWN since Jul 9th, 2018 at 1.308030

short term down 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).

-60
Smart Scan Analysis for USDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.303485 1.305565 1.301415 1.304555 +0.001070
Prev. Close Volume Bid Ask Time
1.303485 1.304470 1.304640 2018-08-21 17:20:39
Want to analyze US Dollar/Canadian Dollar USDCAD or another symbol? Try our Free Forex Trend Analysis Report.