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Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2019.

US Dollar/Canadian Dollar (FOREX:USDCAD)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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_USDCAD
Open High Low USDCAD Price Change
1.340395 1.343350 1.337830 1.338305 -0.002090
Entry Signal

MarketClub’s Trade Triangles for USDCAD

long term up The long term trend has been UP since Nov 9th, 2018 at 1.32213

intermediate term down The intermediate term trend has been DOWN since Jun 6th, 2019 at 1.33585

short term up The short term trend has been UP since Jun 12th, 2019 at 1.33038

Smart Scan Analysis for USDCAD

Based on a pre-defined weighted trend formula for chart analysis, USDCAD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for USDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.340395 1.343350 1.337830 1.338305 -0.002090
Prev. Close Volume Bid Ask Time
1.340395 1.338290 1.338320 2019-06-18 16:42:52
Want to analyze US Dollar/Canadian Dollar USDCAD or another symbol? Try our Free Forex Trend Analysis Report.