Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Canadian Dollar/Khazanah Sukuk (FOREX:CADLFX)
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.
MarketClub’s Trade Triangles for CADLFX
The long term trend has been DOWN since Dec 3rd, 2019 at 1.5310
The intermediate term trend has been UP since Dec 18th, 2019 at 1.5437
The short term trend has been UP since Jan 20th, 2020 at 1.5526
Smart Scan Analysis for CADLFX
Based on a pre-defined weighted trend formula for chart analysis, CADLFX scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).