Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
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.
MarketClub’s Trade Triangles for CADEUR
The long term trend has been UP since Jun 19th, 2019 at 0.6709
The intermediate term trend has been UP since Aug 30th, 2019 at 0.6821
The short term trend has been DOWN since Sep 12th, 2019 at 0.6863
Smart Scan Analysis for CADEUR
Based on a pre-defined weighted trend formula for chart analysis, CADEUR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).