Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
US Dollar/Canadian Dollar (FOREX:USDCAD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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 DOWN since Jun 13th, 2017 at 1.32236
The intermediate term trend has been DOWN since Dec 4th, 2017 at 1.26735
The short term trend has been DOWN since Dec 13th, 2017 at 1.28135
Smart Scan Analysis for USDCAD
Based on a pre-defined weighted trend formula for chart analysis, USDCAD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).