Future Trend Analysis Report
Prepared for you on Monday, June 17, 2019.
E-MICRO CAD/USD Jun 2019 (CME:MCD.M19)
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 MCD.M19
The long term trend has been DOWN since May 17th, 2019 at 0.7416
The intermediate term trend has been UP since Jun 4th, 2019 at 0.7469
The short term trend has been DOWN since Jun 12th, 2019 at 0.7528
Smart Scan Analysis for MCD.M19
Based on a pre-defined weighted trend formula for chart analysis, MCD.M19 scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).