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Forex Trend Analysis Report

Prepared for you on Monday, January 20, 2020.

Canadian Dollar/Australian Dollar (FOREX:CADAUD)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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_CADAUD
Open High Low CADAUD Price Change
1.112025 1.117000 1.111200 1.115300 +0.003275
Entry Signal

MarketClub’s Trade Triangles for CADAUD

long term down The long term trend has been DOWN since Dec 25th, 2019 at 1.0933000

intermediate term up The intermediate term trend has been UP since Jan 7th, 2020 at 1.1207515

short term up The short term trend has been UP since Jan 16th, 2020 at 1.1120000

Smart Scan Analysis for CADAUD

Based on a pre-defined weighted trend formula for chart analysis, CADAUD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for CADAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.112025 1.117000 1.111200 1.115300 +0.003275
Prev. Close Volume Bid Ask Time
1.112025 1.115100 1.115500 2020-01-20 13:39:59
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