Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
Canadian Dollar/Special Drawing Right (FOREX:CADSDR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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 CADSDR
The long term trend has been UP since Jan 1st, 2020 at 0.55711919
The intermediate term trend has been UP since Dec 15th, 2019 at 0.55011145
The short term trend has been DOWN since Jan 8th, 2020 at 0.55614569
Smart Scan Analysis for CADSDR
Based on a pre-defined weighted trend formula for chart analysis, CADSDR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).