Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
Canadian Dollar/Euro (FOREX:CADEUR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 DOWN since Dec 20th, 2018 at 0.650400
The intermediate term trend has been DOWN since Mar 1st, 2019 at 0.661495
The short term trend has been UP since Mar 19th, 2019 at 0.664600
Smart Scan Analysis for CADEUR
Based on a pre-defined weighted trend formula for chart analysis, CADEUR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).