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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

Canadian Dollar/Argentine Peso (FOREX:CADARS)

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_CADARS
Open High Low CADARS Price Change
45.661178 45.673015 45.585289 45.590040 -0.071138
Entry Signal

MarketClub’s Trade Triangles for CADARS

long term up The long term trend has been UP since Dec 26th, 2017 at 14.275000

intermediate term down The intermediate term trend has been DOWN since Jan 27th, 2020 at 45.543705

short term down The short term trend has been DOWN since Jan 22nd, 2020 at 45.874565

Smart Scan Analysis for CADARS

Based on a pre-defined weighted trend formula for chart analysis, CADARS scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for CADARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
45.661178 45.673015 45.585289 45.590040 -0.071138
Prev. Close Volume Bid Ask Time
45.661178 45.586937 45.593143 2020-01-29 07:01:34
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