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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.

FOREX_USDCAD
Open High Low USDCAD Price Change
1.277945 1.287350 1.273950 1.287270 +0.009325
Entry Signal

MarketClub’s Trade Triangles for USDCAD

long term down The long term trend has been DOWN since Jun 13th, 2017 at 1.32236

intermediate term down The intermediate term trend has been DOWN since Dec 4th, 2017 at 1.26735

short term down 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).

-70
Smart Scan Analysis for USDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.277945 1.287350 1.273950 1.287270 +0.009325
Prev. Close Volume Bid Ask Time
1.277945 1.287240 1.287300 2017-12-15 14:53:32
Want to analyze US Dollar/Canadian Dollar USDCAD or another symbol? Try our Free Forex Trend Analysis Report.