Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
US Dollar/Canadian Dollar (FOREX:USDCAD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Feb 5th, 2018 at 1.250850
The short term trend has been DOWN since Mar 20th, 2018 at 1.304750
Smart Scan Analysis for USDCAD
Based on a pre-defined weighted trend formula for chart analysis, USDCAD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).