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Forex Trend Analysis Report

Prepared for you on Monday, January 20, 2020.

Canadian Dollar/Euro (FOREX:CADEUR)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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_CADEUR
Open High Low CADEUR Price Change
0.689815 0.690000 0.689400 0.689840 +0.000025
Entry Signal

MarketClub’s Trade Triangles for CADEUR

long term down The long term trend has been DOWN since Dec 25th, 2019 at 0.67430

intermediate term up The intermediate term trend has been UP since Dec 26th, 2019 at 0.68699

short term up The short term trend has been UP since Jan 17th, 2020 at 0.68981

Smart Scan Analysis for CADEUR

Based on a pre-defined weighted trend formula for chart analysis, CADEUR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for CADEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.689815 0.690000 0.689400 0.689840 +0.000025
Prev. Close Volume Bid Ask Time
0.689815 0.689770 0.689910 2020-01-20 01:42:44
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