Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Canadian Dollar/Khazanah Sukuk (FOREX:CADLFX)
Sidelines Mode (+55) - CADLFX is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CADLFX?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADLFX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADLFX
The long-term trend has been DOWN since Feb 27th, 2020 at 1.5297
The intermediate-term trend has been UP since May 19th, 2020 at 1.4927
The short-term trend has been DOWN since May 22nd, 2020 at 1.4848
Smart Scan Analysis for CADLFX
Based on our trend formula, CADLFX is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).