Forex Trend Analysis Report
Prepared for you on Thursday, August 22, 2019.
Euro/Canadian Dollar (FOREX:EURCAD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 EURCAD
The long term trend has been DOWN since Jun 20th, 2019 at 1.49040
The intermediate term trend has been UP since Aug 4th, 2019 at 1.47160
The short term trend has been DOWN since Aug 22nd, 2019 at 1.47098
Smart Scan Analysis for EURCAD
Based on a pre-defined weighted trend formula for chart analysis, EURCAD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).