Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
US Dollar/Canadian Dollar (FOREX:USDCAD)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Nov 9th, 2018 at 1.322130
The intermediate term trend has been UP since Oct 18th, 2018 at 1.308155
The short term trend has been UP since Dec 5th, 2018 at 1.329600
Smart Scan Analysis for USDCAD
Based on a pre-defined weighted trend formula for chart analysis, USDCAD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).