Analyze Symbol
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.
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MarketClub’s Trade Triangles for USDCAD
The long term trend has been UP since Nov 9th, 2018 at 1.32213
The intermediate term trend has been DOWN since Jun 6th, 2019 at 1.33585
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).
| 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 |