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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.

FOREX_EURCAD
Open High Low EURCAD Price Change
1.474550 1.476700 1.470945 1.474450 -0.000100
Entry Signal

MarketClub’s Trade Triangles for EURCAD

long term down The long term trend has been DOWN since Jun 20th, 2019 at 1.49040

intermediate term up The intermediate term trend has been UP since Aug 4th, 2019 at 1.47160

short term down 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).

-65
Smart Scan Analysis for EURCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.474550 1.476700 1.470945 1.474450 -0.000100
Prev. Close Volume Bid Ask Time
1.474550 1.474380 1.474520 2019-08-22 16:43:17
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