Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Canadian Dollar/Euro (FOREX:CADEUR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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.
MarketClub’s Trade Triangles for CADEUR
The long term trend has been UP since Jun 19th, 2019 at 0.6709
The intermediate term trend has been DOWN since Oct 30th, 2019 at 0.6807
The short term trend has been UP since Dec 4th, 2019 at 0.6837
Smart Scan Analysis for CADEUR
Based on a pre-defined weighted trend formula for chart analysis, CADEUR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).