Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
Euro/Canadian Dollar (FOREX:EURCAD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 EURCAD
The long term trend has been UP since Dec 19th, 2018 at 1.537080
The intermediate term trend has been UP since Mar 1st, 2019 at 1.511695
The short term trend has been DOWN since Mar 15th, 2019 at 1.504820
Smart Scan Analysis for EURCAD
Based on a pre-defined weighted trend formula for chart analysis, EURCAD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).