Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Canadian Dollar/Romanian Leu (FOREX:CADRON)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 CADRON
The long term trend has been UP since Jul 2nd, 2019 at 3.1953500
The intermediate term trend has been UP since Nov 27th, 2019 at 3.2743205
The short term trend has been UP since Jan 17th, 2020 at 3.2961576
Smart Scan Analysis for CADRON
Based on a pre-defined weighted trend formula for chart analysis, CADRON scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).