Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Monday, December 9, 2019.

US Dollar/Canadian Dollar (FOREX:USDCAD)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.

FOREX_USDCAD
Open High Low USDCAD Price Change
1.326240 1.326650 1.322400 1.323125 -0.003115
Entry Signal

MarketClub’s Trade Triangles for USDCAD

long term down The long term trend has been DOWN since Jun 26th, 2019 at 1.313050

intermediate term up The intermediate term trend has been UP since Nov 11th, 2019 at 1.323665

short term down The short term trend has been DOWN since Dec 4th, 2019 at 1.327270

Smart Scan Analysis for USDCAD

Based on a pre-defined weighted trend formula for chart analysis, USDCAD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for USDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.326240 1.326650 1.322400 1.323125 -0.003115
Prev. Close Volume Bid Ask Time
1.326240 1.323090 1.323160 2019-12-09 13:09:32
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