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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.

Open High Low USDCAD Price Change
1.29125 1.29346 1.28961 1.29170 +0.00045
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 up The intermediate term trend has been UP since Feb 5th, 2018 at 1.250850

short term down 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).

Smart Scan Analysis for USDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.29125 1.29346 1.28961 1.29170 +0.00045
Prev. Close Volume Bid Ask Time
1.29125 1.29150 1.29190 2018-03-23 10:39:04
Want to analyze US Dollar/Canadian Dollar USDCAD or another symbol? Try our Free Forex Trend Analysis Report.