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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.

FOREX_USDCAD
Open High Low USDCAD Price Change
1.337950 1.338610 1.332345 1.335475 -0.002475
Entry Signal

MarketClub’s Trade Triangles for USDCAD

long term up The long term trend has been UP since Nov 9th, 2018 at 1.322130

intermediate term up The intermediate term trend has been UP since Oct 18th, 2018 at 1.308155

short term up 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).

+100
Smart Scan Analysis for USDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.337950 1.338610 1.332345 1.335475 -0.002475
Prev. Close Volume Bid Ask Time
1.337950 1.335390 1.335560 2018-12-12 22:49:19
Want to analyze US Dollar/Canadian Dollar USDCAD or another symbol? Try our Free Forex Trend Analysis Report.