Forex Trend Analysis Report
Prepared for you on Tuesday, June 18, 2019.
Canadian Dollar/Euro (FOREX:CADEUR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 CADEUR
The long term trend has been DOWN since Dec 20th, 2018 at 0.650400
The intermediate term trend has been UP since May 19th, 2019 at 0.667010
The short term trend has been UP since Jun 18th, 2019 at 0.666805
Smart Scan Analysis for CADEUR
Based on a pre-defined weighted trend formula for chart analysis, CADEUR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).